MUMBAI: Ten-minute delivery platform Zepto on Tuesday said it has raised $ 200 million, with 10-min online delivery platform Zepto raises $ 200mn, now valued at about $ 900 million. Just nine months after its launch, Zepto has recorded a record 800 percent revenue growth in the last quarter. Teens’ 10-Minute Grocery Startup Zepto Valuation Reaches 900 Million
“We have maintained exceptional 88-point NPS (Net Promoter Score) and 60 per cent customer retention on the scale. This implementation over the last few months has made it clear to investors that Zepto will be one of the winners. Indian Q-Commerce, ”said Adit Palicha, Co-Founder and CEO.
The latest Series D funding round was led by Y Combinator with new investor Kaiser Permanente.
Major current investors such as Nexus Venture Partners, Gladbrook Capital and Leachy Groom have also increased their investments in the platform.
Zepto now plans to continue sustainable growth across India. The company has a 1,000-strong workforce and plans to hire in all functions.
Zepto is also working on a pilot basis to deliver coffee, tea and other items within 10 minutes to selected areas of Mumbai.
“We’ve made the micro-markets profitable and significantly reduced the burning to the scale of thousands of orders every day,” said Kaivalya Vohra, co-founder and CTO. Palicha and Vohra are drop out students from Stanford University for making Zepto in India.
The platform has so far raised $ 360 million from investors in Silicon Valley and India. Aadit Palicha, Co-Founder and CEO and Kaivalya Vohra Co-founder and CTO dropped out of Stanford University to build Zepto in India.