Zepto logo is seen displayed in this illustration.
Credit: Reuters Photo
Bengaluru: Zepto, one of India’s fastest-growing consumer internet companies, on Thursday announced the successful closure of approximately $450 million in funding, comprising a mix of primary and secondary transactions, with a majority in primary.
Aadit Palicha, CEO & Co-founder at Zepto, said, “This financing is a reflection of our team’s execution to grow the business rapidly while consistently building operating leverage. We now have approximately $900 million of net cash in the bank and more than well-capitalised for the future.”
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has revolutionised rapid commerce in India. Zepto offers an extensive range of 45,000+ products, from groceries to electronics, beauty essentials, apparels, toys and more.