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.
As the company’s first hire over two years back, Mittal will now oversee the more than 200-person engineering staff and be in charge of growing it.
Ankit Agarwal, senior vice president of product at Zepto, was promoted to chief product officer three months earlier.
In a recent investment round, the Mumbai-based business secured $31.25 million from returning investors, including Goodwater Capital and Nexus Venture Partners.
With ten locations, a network of highly optimized delivery centers, and robust technological capabilities, the company is transforming the $600 billion Indian grocery market into one that is easier to shop for and more convenient.
Zepto was established in 2021 by Aadit Palicha and Kaivalya Vohora in response to the growing need for quick e-commerce delivery amid the Covid-19 pandemic. Zepto has competition from companies such as Instamart by Swiggy, Blinkit, owned by Zomato, and Dunzo, backed by Reliance.