Indian delivery startup Zepto has secured a significant investment of ₹5,400 Crore ($665 million), doubling its valuation to ₹30,000 Crore ($3.6 billion). This funding round was led by Nexus Venture Partners, which has consistently supported Zepto since its seed round, along with its limited partner, StepStone. Co-founder Aadit Palicha attributed the company's success to its Indian roots and expressed ambitions to grow Zepto into a $50 billion company. Additionally, Zepto is already in talks to raise more funds at a $5 billion valuation, indicating strong investor confidence in its growth potential.
This is like the 2021 fundraising frenzy! Zepto is in talks to raise a new round at a $5 bn valuation, according to The Information This comes days after announcing a round at a $3.6 bn valuation https://t.co/R49TyCBs7y
Dealmaker: One week after announcing an investment at a $3.6 billion valuation, Indian delivery company Zepto is in talks with investors to raise more money at a $5 billion valuation. https://t.co/2iWjDcMK2I From @KateClarkTweets
Dealmaker scoop: One week after announcing an investment at a $3.6 billion valuation, Indian delivery company Zepto is in talks with investors to raise more money at a $5 billion valuation. https://t.co/RibRgJ03sw
#Zepto’s co-founder Aadit Palicha said the company could achieve a $3.6 billion valuation only because it is based in #India, and that it aims to become a $50 billion company. https://t.co/amz61sO1IA
Indian unicorn Zepto (@ZeptoNow) grabs $665M led by Nexus Venture Partners (@NexusVP) 🇮🇳💵 @aadit_palicha @v0hra https://t.co/aF2mYGHqkq #funding #tech #news #India
🚨🚨Nexus’ investment in Zepto represents one of the boldest venture capital bets in India. It led the rapid-grocery player’s seed round and has participated in all subsequent funding deals, which is rare for an early-stage VC. The firm also got its limited partner, StepStone…
This just in! Zepto @ZeptoNow, a @DPIITGoI recognised startup and beneficiary of Section 56 tax exemption under the scheme, has achieved a monumental feat! Secured a whopping ₹5,400 Crore investment at a ₹30,000 Crore valuation. This investment doubles their valuation to… https://t.co/B0QTfN0vSB
This just in! Zepto @ZeptoNow, a DPIIT recognised startup and beneficiary of Section 56 tax exemption under the scheme, has achieved a monumental feat! Secured a whopping ₹5,400 Crore investment at a ₹30,000 Crore valuation. This investment doubles their valuation to $3.6… https://t.co/xdHb27uwnj