Funding · Commerce & Consumer Brands
Zepto raises $100 million in series C funding
By Startup Enthusiast ·
- Date
- Company
- Zepto
- What it does
- 10-minute grocery delivery startup
- Kind
- Funding
- Amount
- $100 Mn
- Stage
- Series C
- Founded
- 2021
What they do
Zepto delivers groceries to customers within ten minutes using a network of dark stores
What happened
The company raised $100 million led by YC Continuity at a $570 million valuation
Why it matters
Zepto plans to expand its store network across more Indian cities with the new funds
The details
- Zepto has closed a $100 Mn Series C funding round.
- The investment values the company at $570 Mn on a post-money basis.
- YC Continuity led the funding round for the quick commerce startup.
- Participants included Glade Brook, Nexus, Breyer Capital, and Global Founders Capital.
- This brings Zepto's total capital raised to $160 Mn to date.
- The previous $60 Mn Series B round occurred just 45 days prior.
- Zepto is now seeking a larger investment at a $1B valuation.
- The company operates 100 micro-warehouses or dark stores across India.
The bigger picture
- Zepto launched only 5 months ago yet secured significant venture capital.
- The rapid fundraising pace signals strong investor confidence in the model.
- Competition is fierce with rivals like BlinkIt and Swiggy Instamart.
About the business
- Zepto offers 10-minute grocery delivery via online ordering platforms.
- It uses a network of 100 dark stores for inventory management.
- Each store can handle over 2,500 orders per day.
- Active cities include Mumbai, Bengaluru, Delhi, and Chennai.
- The company also operates in Gurugram, Hyderabad, and Pune.
- Zepto plans to expand its services to Kolkata soon.
- The business model relies on speed and convenience for urban shoppers.
- Competitors include Ola and other quick commerce players.
- Founders Aadit Palicha and Kaivalya Vohra drive the strategy.
What happens next
- Zepto plans to expand coverage across multiple Indian cities.
- The company intends to scale its team significantly.
- Zepto is targeting a future valuation of $1B.
The deal
- Type
- Series C
Investors
- YC Continuity (lead)
- Glade Brook (participated)
- Nexus (participated)
- Breyer Capital (participated)
- Global Founders Capital (participated)
Founders
- Aadit Palicha, Founder
- Kaivalya Vohra, Founder
About Zepto
- Product
- A rapid-delivery app for groceries and everyday essentials.
- Customers
- Consumers ordering groceries and essentials online.
- How it makes money
- It earns from product margins, delivery fees, and order-value thresholds across its quick-commerce network.
- What sets it apart
- It was built as a quick-commerce native company from day one.
- Operations
- Operates dark-store based 10-minute delivery across multiple Indian cities.
More on Zepto
- Zepto faces FSSAI penal action over misleading food claims24 September 2026 · Policy
- Zepto delays IPO to 2027 and reduces issue size12 September 2026 · IPO · ₹8,100 Cr
- Zepto partners with Databricks and VOKKA9 September 2026 · Partnership
- Zepto postpones IPO, shifts strategy1 September 2026 · Policy
- Zepto partners with VOKKA, Mia, Eveready for Rakhi and recycling29 August 2026 · Partnership
- Zepto launches premium grocery service named Select19 August 2026 · Launch
- Zepto delayed IPO after agreeing to close pre-IPO funding round17 August 2026 · Policy
- Zepto files IPO prospectus for fresh issue14 August 2026 · IPO · up to ₹8,010 Cr