Zepto Secures $200 Million in Series E Funding, Becoming India’s First Unicorn of 2023

A company named Zepto emerged as a unicam, which is currently operating in the quick commerce segment and achieved the unicorn status for the first time in India in 2023 with the valuation of USD 1.

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Zepto Secures $200 Million in Series E Funding, Becoming India’s First Unicorn of 2023

A company named Zepto emerged as a unicam, which is currently operating in the quick commerce segment and achieved the unicorn status for the first time in India in 2023 with the valuation of USD 1.

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In this Series E round, Zenefits is expected to get $200 million, which will take the company’s value to $4 billion.

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Zepto was co-founded by Kaivalya Vohra and Aadit Palicha in the year 2021 to become a quick commerce dedicated company.

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This push towards profitability becomes critical for preparation for an initial public offer by early 2025.

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Zepto grows at a very impressive rate as it reports 300% year-on-year growth in sales.

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The founders were confident about their ability to execute and the company’s frugal and customer-centric culture.

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