Booming business: A customer is seen buying vegetables at a wholesale market in Bengaluru. Zepto is capitalising on India’s overall grocery retailing industry which is worth an estimated US$600bil (RM2.6 trillion). — Bloomberg
MUMBAI: Indian grocery startup Zepto says it has raised US$200mil (RM870.8mil) in fresh funding that values the company around US$900mil (RM3.9bil), signalling growing investor interest in a sector where companies are luring customers with quick 10-minute deliveries.
Zepto was started last year by two 19-year-old Stanford dropouts. Its latest funding round was led by an existing investor Y Combinator, a prominent Silicon Valley fund.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
