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 Francisco-based Contrary Capital. So far, Zepto has raised close to $60 million across two rounds.
"The bulk of this capital will be used to expand our coverage beyond metro cities and expand our team size as quickly as possible," says Aadit Palicha, Co-founder and CEO, Zepto.
