In a remarkable milestone for the Indian startup landscape, Zepto has secured an impressive $200 million in funding through a Series E round, catapulting its valuation to a noteworthy $1.4 billion. This achievement firmly establishes Zepto as the first unicorn of the year, as reported by Tushar Goenka on Money control. The funding round, which boasts leadership from Step Stone Group, Goodwater Capital, and several existing investors, marks a pivotal moment for Zepto, particularly noteworthy given that the last Indian startup to attain unicorn status was Moblio Diagnostics back in September of the previous year.
Aadit Palicha, the CEO and Co-founder, emphasized the strategic and purposeful utilization of these funds to fuel growth, achieve Ebitda profitability within the upcoming 12-15 months, facilitate expansion into additional cities, and allocate resources towards the development of supplementary offerings like Zepto Cafe. As eloquently detailed by Soumyajit Saha and Pranav Mukul in The Economic Times, Zepto, established in 2020, currently operates across seven cities and has remarkably accumulated approximately $560 million in funding throughout its transformative journey.
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