What is Zepto?
Founded in 2021 by Stanford students Kaivalya Vohra and Aadit Palicha, Zepto is an Indian online grocery delivery service based in Mumbai. The company emerged during the COVID-19 pandemic to address the growing demand for contactless delivery. Zepto's operational strategy centers on speed, user convenience, and reliability, utilizing advanced technology, strategically positioned dark stores, and efficient supply chain management to meet and exceed customer expectations. The company's focus on rapid delivery times and a seamless user experience has positioned it as a key player in India's burgeoning quick-commerce market.
How much funding has Zepto raised?
Zepto has raised a total of $2B across 8 funding rounds:
Series B
$4M
Unspecified
$60M
Series D
$200M
Series E
$231.3M
Series F
$665M
Other Financing Round
$350M
Other Financing Round
$45.7M
Other Financing Round
$450M
Series B (2016): $4M with participation from Visionary Ventures
Unspecified (2021): $60M led by Nexus, Y Combinator, Global Founders Capital, and Glade Brook Capital
Series D (2022): $200M supported by Kaiser Permanente, Lachy Groom, Contrary Capital, Glade Brook Capital, Nexus Venture Partners, and Y Combinator
Series E (2023): $231.3M featuring Goodwater Capital, StepStone Group, and Nexus Venture Partners
Series F (2024): $665M backed by Glade Brook Capital, The Stepstone Group, and Nexus Group
Other Financing Round (2024): $350M with participation from Motilal Oswal Wealth Management and Mankind Pharma
Other Financing Round (2025): $45.7M led by Haldiram's, Motilal Oswal Financial Services, Mankind Pharma, PD Sekhsaria Trading Co P, Kalyan Infotech, Wintech Taparia, The Cello, and RP-Sanjiv Goenka Group
Other Financing Round (2025): $450M supported by CalPERS
Key Investors in Zepto
Glade Brook Capital
Glade Brook Capital is a global growth equity firm that focuses on building high conviction, concentrated positions in leading private technology companies. The firm utilizes a global perspective, a deep network in technology, and disciplined fundamental research to partner with founders and management teams, aiming to maximize long-term value.
StepStone Group
StepStone Group is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. They cater to large public and private pension funds, sovereign wealth funds, and insurance companies, among others.
Nexus Venture Partners
Nexus Ventures Partners is a venture capital firm specializing in seed, startup, growth capital, and early-stage investments. Founded in 2006, the firm is based in California, United States.
What's next for Zepto?
With the recent infusion of $450M in a major strategic investment, Zepto is poised for accelerated expansion and operational enhancement. This substantial backing, part of its overall $2B in capital, suggests a strategic push towards scaling its infrastructure, potentially expanding its service areas, and further optimizing its delivery network. The company's ability to attract significant investment indicates strong investor confidence in its business model and its potential to capture a larger share of the online grocery market. Future developments are likely to focus on technological innovation to maintain its competitive edge and enhance customer loyalty.
See full Zepto company page
