Mumbai-headquartered grocery-delivery startup Zepto said it raised an early-stage funding round worth $60 million, at a valuation of $225 million, to expand its 10-minute grocery delivery nationwide.
The grocery delivery startup Zepto will use a large part of the capital to launch new cloud stores and penetrate deep into the market.
Founded in June 2021 by two 19-year-olds — Aadit Palicha and Kaivalya Vohra — Zepto, with its optimised network of ‘dark stores’ or micro-warehouses, claims to be consistently delivering groceries and essentials in 10 minutes through a combination of technical and operational excellence.
