Zepto raises $200mn at $1.4bn valuation, only Indian unicorn in 2023
The fundraise brought in major new investors with StepStone Group leading the round (their first direct investment in an Indian company). Goodwater Capital, a consumer-focused venture capital firm based in California, joined the round as a new investor. Existing investors like Nexus Venture Partners, Glade Brook Capital and Lachy Groom doubled down in Zepto with meaningful follow-on investments.
This business is about execution and we are succeeding because our execution is strong. Our culture of deep frugality and worshipping customers has gotten us here but there is still so much for us to achieve. We are in this to build a generational company and it truly feels like this is just the beginning: Aadit Palicha, Zepto
Even with this capital, we want to maintain our discipline, avoid complacency, and push hard to hit EBITDA positivity. In that journey, the biggest drivers of P&L improvement for us are based on technology and product: Kaivalya Vohra, Zepto
Zepto has raised $560 million till now, and plans to go public by 2025 as a profitable, growing technology company.
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