Zepto Secures $200 Million in Series E Funding, Becoming India’s First Unicorn of 2023

A company named Zepto emerged as a unicam, which is currently operating in the quick commerce segment and achieved the unicorn status for the first time in India in 2023 with the valuation of USD 1.

In this Series E round, Zenefits is expected to get $200 million, which will take the company’s value to $4 billion.

Zepto was co-founded by Kaivalya Vohra and Aadit Palicha in the year 2021 to become a quick commerce dedicated company.

This push towards profitability becomes critical for preparation for an initial public offer by early 2025.

Zepto grows at a very impressive rate as it reports 300% year-on-year growth in sales.

The founders were confident about their ability to execute and the company’s frugal and customer-centric culture.