Funding · Commerce & Consumer Brands

Zepto raised $360 million in Series D funding led by Y Combinator Continuity

What they do

Zepto is a grocery delivery service that aims to deliver items within 10 minutes in Mumbai

The company raised $360 million in Series D funding, with Y Combinator Continuity leading the round

Nexus Ventures became the largest stakeholder with 20.07% ownership after the funding round

Zepto, a Mumbai-based quick commerce platform, raised $360 million in Series D funding.
Y Combinator Continuity led the round with an investment of $40 million.
Kaiser Foundation and Lachy Groom each invested $30 million in the round.
Nexus Ventures invested $20 million, while Glade Brook invested $10.6 million.
Oliver Jung invested $8.64 million in the round.
SAYACORP, Contrary Capital, GC&H Investments, Manoj Chawla, and Benjamin Jubas collectively invested $4 million.
The remaining $60 million of the $360 million has not yet been received by the company.
The valuation of Zepto is estimated at $835 million, and it will reach $900 million when the remaining $60 million is received.

Zepto faces strong competition from companies like Swiggy Instamart, Dunzo, and Zomato-backed BlinkIt.
The company claims to have posted 800% Q-o-Q revenue growth during the latest round.
Startups across India are struggling to raise new funding and are cutting costs to extend their runway.
Y Combinator, one of Zepto's backers, has asked its portfolio companies to prepare for the worst.

Zepto is a quick commerce platform that delivers groceries and other items within 10 minutes in Mumbai.
The company recently expanded its offerings to include instant cafe items such as coffee, chai, and bakery products in select areas of Mumbai.
Zepto's primary business model involves delivering products to customers quickly, focusing on convenience and speed.
The company operates in Mumbai and is expanding its services to other cities in India.
Zepto's main customers are individuals looking for quick delivery of groceries and other items.

Y Combinator Continuity (lead) — A venture capital firm that supports early-stage startups.
Kaiser Foundation (investor) — A nonprofit organization that supports health-related initiatives.
Lachy Groom (investor) — An entrepreneur and investor in the tech industry.
Nexus Ventures (investor) — A venture capital firm that invests in early-stage startups.
Glade Brook (investor) — An investor in the tech industry.

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.