: 10-min online delivery platform Zepto raises 0 mn #IndiaNEWS #Business Mumbai: Ten-minute delivery platform Zepto on Tuesday said it has raised 0 million, taking its valuation to around 0

@IndiaNEWS

Posted in: #IndiaNEWS #Business

10-min online delivery platform Zepto raises 0 mn #IndiaNEWS #Business
Mumbai: Ten-minute delivery platform Zepto on Tuesday said it has raised 0 million, taking its valuation to around 0 million.
Just nine months after launching, Zepto posted a record 800 per cent revenue growth in the last 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, said Aadit Palicha, Co-Founder and CEO.
The latest Series D funding round was led by Y Combinator with new investor Kaiser Permanente.
Key existing investors like Nexus Venture Partners, Glade Brook Capital, and Lachy Groom also increased their investments in the platform.
Zepto now plans to continue growing sustainably across India.
The company has a 1,000-strong workforce and plans to hire across all functions.
Zepto is also piloting a service to deliver coffee, chai and other items in 10 minutes across select areas in Mumbai.
Weve turned micro-markets profitable and brought down burn significantly while growing to a scale of hundreds of thousands of orders per day, said Kaivalya Vohra, Co-founder and CTO.
Palicha and Vohra dropped out of Stanford University to build Zepto in India.
The platform has so far raised 0 million from investors in Silicon Valley and India.

Intraday stocks under 50 NSE India Twitter of India

Vote Up Vote Down

Login to post a comment!