Indian startup Zepto crosses over USD 900 million valuation

The Zepto team has grown to 1,000 workers and is now profitable in small micro-markets, which are dense metropolitan districts served by a warehouse or dark store.

Indian startup Zepto crosses over USD 900 million valuation
Source: TechCrunch
Source: Bloomberg

Zepto, an instant grocery startup founded by two Indian teenagers, raised US$200 million in a funding round led by Y Combinator, a new model for funding early-stage startups, bringing its valuation to around US$900 million.

The Mumbai-headquartered company reached its valuation within nine months of beginning 10-minute deliveries.