PE Fund Investments
Quick-commerce co. Zepto raises $200-M at $1.4 B valuation
Mumbai-based quick commerce firm Zepto has raised USD 200 million in a Series E round at a valuation of USD 1.4 Billion led by US-based asset management firm StepStone Group, along with Goodwater Capital and some existing investors including Nexus Venture Partners, Glade Brook Capital and Lachy Groom. With this, Zepto becomes the first unicorn to be minted in India this year. The company is planning to expand its presence in existing markets and to invest more in its add-on offerings such as Zepto Cafe, a cloud kitchen setup in its existing dark stores, which delivers beverages and snacks in 10 to 20 minutes. It is aso aiming to be EBITDA positive in the next 12-15 months
From the Venture Intelligence PE-VC Deal Database: Between Jan-21 and Apr-22, Zepto had raised over USD 360 M. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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