Zepto Unlisted Shares Trend
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About Company
Zepto is a hyper-growth Indian quick-commerce company that has redefined the logistics of grocery delivery. Headquartered in the tech hub of Bengaluru, the company is currently valued at over $5 billion (as of August 2024).
With a robust network of over 250 dark stores across ten major metropolitan areas, Zepto has scaled rapidly by mastering the "10-minute delivery" model.
The journey of Zepto is a classic tale of young entrepreneurship. It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra, who were just 17 years old at the time.
KiranaKart (2020): Their initial venture focused on partnering with local grocery (kirana) stores. However, the model struggled to gain the necessary traction.
The Pivot: While participating in Y Combinator, the duo rebranded the business to Zepto and shifted to a verticalized model
The Dropout Decision: Both founders famously skipped their computer science degrees at Stanford University to pursue Zepto full-time after receiving seed funding from Contrary Capital.
Beyond standard grocery delivery, Zepto has diversified its offerings to capture more of the consumer's daily wallet share:
Zepto Cafe: Launched in April 2022, this division focuses on the delivery of coffee and ready-to-eat snacks.
Zepto Bloom: A 2023 initiative that serves as a platform for farmers to manage food production and streamline distribution from villages to urban centers.
Zepto Pass: A paid membership program introduced in February 2024. Within just two months, it surpassed 4 million subscribers, highlighting strong customer loyalty.
Zepto’s financial trajectory is one of the most aggressive in the Indian ecosystem, raising over $1.5 billion since its inception.
| Date | Funding Round | Amount Raised | Valuation | Key Investors |
|---|---|---|---|---|
| Jan-21 | Pre-Seed | $730,000 | $2.5 Million | Contrary Capital, Global Founders Capital |
| Oct-21 | Series A/B | $60 Million | $225 Million | Nexus, Y Combinator, Lachy Groom |
| Dec-21 | Series C | $100 Million | $570 Million | YC Continuity Fund |
| May-22 | Series D | $200 Million | $900 Million | Glade Brook Capital, Contrary |
| Aug-23 | Series E | $200 Million | $1.4 Billion | StepStone Group (Unicorn Status) |
| Jun-24 | Series F | $665 Million | $3.6 Billion | Glade Brook, Nexus |
| Aug-24 | Follow-on | $340 Million | $5.0 Billion | General Catalyst (New entrant) |
Zepto is a major contributor to India's burgeoning gig economy. Alongside competitors like Zomato/Blinkit and Swiggy, Zepto helps support a workforce of over 3 million gig workers.
Key Move: In 2024, reflecting its maturity and growth needs, the company officially shifted its corporate headquarters from Mumbai to Bengaluru to better tap into the city's deep tech talent pool.
Zepto’s success is built on the high-frequency nature of its service. By focusing on "dark stores" (dedicated fulfillment centers not open to the public), they maintain strict control over inventory and delivery speed, ensuring the brand remains synonymous with reliability and speed in the Indian market.
Figures shown in . YoY shown under each year; trend sparkline on the right.
to be updated!
Figures shown in . YoY shown under each year; trend sparkline on the right.
to be updated!
Figures shown in . YoY shown under each year; trend sparkline on the right.
to be updated!
to be updated!
to be updated!
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Zepto Unlisted Shares Trend
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