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Zepto Raises $665M at $3.6B Valuation, Plans Expansion

Jun 24, 2024, 02:30 AM

Zepto, an Indian e-commerce unicorn specializing in 10-minute deliveries, has raised $665 million in a funding round led by Nexus Venture Partners. This latest investment values the company at $3.6 billion. Co-founders Aadit Palicha and Kaivalya Vohra, who started Zepto after dropping out of college, have seen rapid growth in their venture. The company plans to double its outlets following this significant funding boost. The $665 million funding round may also trigger a discounting war among major players in the quick commerce sector, including Blinkit, Instamart, and Flipkart, which is expected to launch its quick delivery service next month.