Mumbai-based 10 minutes basic food item conveyance startup Zepto has raised 100 million drove by YC Continuity. Some new and existing financial backers including Glade Brook, Nexus, Breyer Capital, Lachy Groom, Global Founders Capital, and Contrary Capital additionally took part in the new round. The organization is currently esteemed at 570 Million.
This financing round came in only 45 days later the organization raised $60 million. The organization has raised an aggregate of $169 million up until this point.
Zepto was established by Stanford University dropouts Palicha and Kaivalya Vohra. They dispatched Zepto in April this year with a promise to convey food quickly.
“We are developing 200% month-on-month. Since the last round, we have grown a 10-crease as far as volume. We are intending to build our volume by 10x in the following 2-3 months,” fellow benefactor Aadit Palicha said.
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The new finances will be utilized to scale groups and extend across various urban areas in India. The organization started its activities in Mumbai and extended to Bengaluru, Delhi, Gurugram, Chennai, Hyderabad, and Pune in the beyond two months.
Zepto contends with BlinkIt (previously Grofers), Swiggy, and Ola. More players are likewise hoping to go into the hyper-serious quick staple conveyance section. BlinkIt is looking for greater speculation from Zomato and Swiggy has additionally put $700 million in Swiggy Instamart.