New Delhi: Fast delivery startup Zepto, valued at USD 5 billion, has secured USD 340 million in additional funding, led by General Catalyst. This latest investment has significantly boosted the Mumbai-based company's worth. The fundraising comes after Zepto, a 3-year-old company, raised USD 665 million (around Rs 5,560 crore) in June 2024. The firm was valued at USD 3.6 billion during that round, nearly tripling its value from the previous year.
According to Zepto co-founder and CEO Aadit Palicha, the rationale behind this additional funding was twofold. "Having the chance to attract a lead investor like Neeraj Arora from General Catalyst was an opportunity we couldn't miss," Palicha explained. He added that strengthening the company's balance sheet is a strategic move, especially as Zepto continues to experience strong growth and operating leverage.
New investors Dragon Fund and Epiq Capital also participated in this funding round, while existing investors StepStone, Lightspeed, DST, and Contrary increased their investments. Zepto was founded in 2021 by Aadit Palicha and Kaivalya Vohra, both of whom dropped out of Stanford University.
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