Zepto Emerges as India's First 2023 Unicorn with $200 Million Funding
Indian instant grocery delivery startup Zepto has raised $200 million in a Series E funding round led by StepStone Group, valuing the company at $1.4 billion. This makes Zepto the first Indian unicorn of 2023. While many other instant delivery startups have struggled or shut down, Zepto has thrived due to its focus on execution and supply chain management. The company processes over 300,000 orders a day and aims to be IPO-ready within 12 to 15 months. Zepto plans to go public by 2025 and is targeting $1 billion in annualized sales in the near future.
