New Delhi: Ten-minute supply platform Zepto on Tuesday mentioned it has raised $200 million, taking its valuation to round $900 million.
Just 9 months after launching, Zepto posted a report 800 per cent income development within the final quarter.
“We maintained a phenomenal 88-point NPS (net promoter score) and 60 per cent `month-1 buyer retention` at scale. This execution over the past few months has made it clear to investors that Zepto will be one of the winners in Indian Q-Commerce,” mentioned Aadit Palicha, Co-Founder and CEO.
The newest Series D funding spherical was led by Y Combinator with new investor Kaiser Permanente.
Key current buyers like Nexus Venture Partners, Glade Brook Capital, and Lachy Groom additionally elevated their investments within the platform.
Zepto now plans to proceed rising sustainably throughout India.
The firm has a 1,000-strong workforce and plans to rent throughout all capabilities.
Zepto can be piloting a service to ship espresso, chai and different objects in 10 minutes throughout choose areas in Mumbai.
“We`ve turned micro-markets profitable and brought down burn significantly while growing to a scale of hundreds of thousands of orders per day,” mentioned Kaivalya Vohra, Co-founder and CTO.
Palicha and Vohra dropped out of Stanford University to construct Zepto in India.
The platform has to this point raised $360 million from buyers in Silicon Valley and India.
