Highlights

  • Grocery delivery platform Zepto raised $340 million
  • It takes Zepto’s valuation to a whopping five billion dollars
  • This, in the middle of what experts call ‘a funding winter’ – a time when startups are not getting money easily

Latest news

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

Rory McIlroy Survives Cut at Dramatic Australian Open

Rory McIlroy Survives Cut at Dramatic Australian Open

Final Season of 'Four More Shots Please!' Premieres Dec 19 on Prime Video

Final Season of 'Four More Shots Please!' Premieres Dec 19 on Prime Video

Tribeny Rai's 'Shape of Momo': Celebrating Northeast Women

Tribeny Rai's 'Shape of Momo': Celebrating Northeast Women

Zepto Raises $340 Mn, Hits $5 Bn Valuation: Quick Commerce Unicorn Defies Funding Winter

Valuation of Zepto, the quick-commerce startups set up by Stanford dropouts Aadit Palicha and Kaivalya Vohra, has skyrocketed to $5 billion. The latest funding round of $340 million has taken the company's total funding in 2024 to $1 billion.

Zepto Raises $340 Mn, Hits $5 Bn Valuation: Quick Commerce Unicorn Defies Funding Winter

Dropping out of college...to build a multi-billion-dollar company in three years! That's exactly what Aadit Palicha and Kaivalya Vohra have done with Zepto!

They have just raised $340 million taking Zepto’s valuation to a whopping five billion dollars.

But that’s not it! With the latest top-up, the Stanford dropouts have raised a total of a billion dollars in 2024.

This, in the middle of what experts call ‘a funding winter’ – a time when startups are not getting money easily.

And that's what's taken the valuation of the quick-commerce company from $3.6 billion to $5 billion in 2 months!

What do you think of Zepto’s meteoric rise? Tell us in comments below.

Also Watch: Ace Investor Jim Rogers Sounds Alarm, Expects U.S Markets To See Big Correction Soon

ADVERTISEMENT

Up Next

Zepto Raises $340 Mn, Hits $5 Bn Valuation: Quick Commerce Unicorn Defies Funding Winter

Zepto Raises $340 Mn, Hits $5 Bn Valuation: Quick Commerce Unicorn Defies Funding Winter

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

ADVERTISEMENT

editorji-whatsApp

More videos

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Dream debut: LG Electronics India shares jump over 50 pc

Dream debut: LG Electronics India shares jump over 50 pc

One GB wireless data in India costs less than a cup of tea: PM Modi

One GB wireless data in India costs less than a cup of tea: PM Modi

Power struggle in Tata Trusts: Trustees clash over board appointments

Power struggle in Tata Trusts: Trustees clash over board appointments

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.