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On Friday Zepto was raised by $200 million. The valuation is $1.4 billion. This made the online grocery company India’s first unicorn of 2023. It is also looking forward to starting a startup ecosystem by the winter.
StepStone Group, US private market investors, led fundraising and it is the first direct investment by an Indian company. The investment was around $75 million and the people were aware of it
A few existing investors such as Nexus Venture Partners, Glade Brook Capital, and Lachy Groom also took part in this.
Zepto was founded in 2021 by two University dropouts Aadit Palicha and Kaivalya. According to the reports Zepto in the next two to three years will be considered to be a public listing.
It ships every necessary thing like diapers, notebooks, cooking essentials, and all the necessary items. It ships these things in seven cities and rum 200 dark stores.
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