Zepto, a 10-minute grocery delivery startup, has raised USD 60 million in an early institutional round led by Glade Brook Capital on 1 November 2021.

Investors: Glade Brook Capital led the latest round of funding with participation from Nexus, Lachy Groom, Y Combinator and Global Founders Capital.

The Objectives behind the funding: The company will deploy the current proceeds to expand its 10-minute hyperlocal delivery nationwide and beef up its human capital.

About Zepto

Source: Company’s LinkedIn profile

Founded in 2021 by two 19-year-old Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto offers 10-minute grocery delivery to customers through micro-warehouses. The company operates out of its chain of ‘cloud stores’ or micro-warehouses, which it owns, to fulfil orders within the time frame. The company has 300 corporate employees — excluding the warehousing staff — and plans to quadruple that over the next few months. According to one of the co-founders, Zepto’s median delivery time is about eight minutes. The Mumbai-based startup is also present in Bengaluru and Delhi-National Capital Region and will launch in Hyderabad,  Pune, Chennai, and Kolkata in the next 30 days.

What the founders have to say:   

Aadit Palicha, Co-founder of Zepto, said, “Q-Commerce in India is an opportunity of epic proportions and strong unit economics. We’ve been ignoring the noise and executing heads-down for a long time to perfect this model, and our efforts are paying off. Today, we’re consistently growing 200% every single month with an unstoppable team, robust product infrastructure, and deep access to institutional capital.”

“Simply put, customers love a rapid delivery experience. The data speaks for itself – once we started delivering in 10 minutes, our NPS shot up and has constantly remained at around 85 with a 50%+ week-on-week user retention rate, which shows the incredibly strong customer love for our product,” said Vohra, Co-founder of Zepto.

What the Investors have you say:   

Suvir Sujan, Managing Director at Nexus Venture Partners, added, “They are disrupting e-commerce in India in a way we’ve never seen before, and we’re super impressed by their innovative mindset, technology first thinking, and lightning-fast execution.”

“Quick e-commerce is poised to transform how many people shop around the world. Zepto has emerged as a leader in India, with exponential growth and best-in-class execution,” said Paul Hudson, CIO at Glade Brook Capital.

Covid-19 pandemic accelerated adoption of online grocery, addressing about 20 million households in India by quick commerce. According to research firm RedSeer, quick commerce is projected to reach USD 5 billion by 2025. 


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Manish writes about the startup ecosystem on VCBay. He is pursuing Master of Commerce from Delhi School of Economics, University of Delhi, and is passionate about the world of finance, information technology & entrepreneurship.

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