Zepto, a quick commerce startup, has effectively raised $340 million in a new funding round, resulting in a valuation of the three-year-old company at $5 billion.
Zepto, a company that specialises in quick commerce, has secured $665 million in its Series F round from a variety of new investors, including Avenir, Lightspeed, and Avra (Anu Hariharan's new fund).
BigBasket, JioMart, Spencer’s, Paytm Mall, Blinkit, Amazon Fresh, Nature’s Basket, Reyfeber, Zepto, Fraazo, SPAR, True Elements, More Retail, FreshToHome, Flipkart, Supermarket, StarQuik, and Patanjali Ayurveda are the Top 20 Best Online Grocery Startups in India.
Zepto, has announced that Nikhil Mittal has been promoted to Chief Technology Officer (CTO). Together with Chief Product Officer Ankit Agarwal, he will be responsible to co-founder Kaivalya Vohra.
Zepto, the unicorn of rapid ecommerce based in Mumbai, secured an additional $31.25 million in a Series E fundraising round led by Goodwater Capital and Nexus Venture Partners.