Quick commerce platform Zepto raised a new round of $100 million led by Y-Combinator, taking its valuation to $570 million.
Existing investors have "doubled down" on their investments. These include Nexus Venture Partner, US-based Glade Brook Capital Partner, individual investor Lachy Groom, and San Fransico-based Contrary Capital. So far, Zepto has raised close to $60 million across two rounds.
Currently, the platform is operational in major metro cities including Mumbai, Bengaluru, Delhi, Hyderabad, Chennai, and Gurugram. The platform launched in Pune a few days ago and will enter Kolkata soon.
