Funding
In January 2021, KiranaKart (now Zepto) raised $730,000 in a pre-seed round led by Global Founders Capital, Contrary Capital, 2 AM Ventures, and angel investors.
In October 2021, it raised $60 million from Nexus, Y Combinator, Global Founders Capital, as well as angel investors Lachy Groom, Neeraj Arora and Manik Gupta at $225 million valuation.
In December 2021, the company raised $100 million Series C round led by Y Combinator's Continuity Fund at a valuation of $570 million.
In May 2022, Zepto raised $200 million at $900 million valuation as a part of its Series D round which was again led by Y Combinator's Continuity Fund. Investors including Nexus Venture Partners, Glade Brook Capital and Contrary Capital participated in the new round.
In August 2023, Zepto raised $200 million as part of its Series E round at a $1.4 billion valuation, becoming a unicorn. It raised funds from U.S-based investment firms StepStone Group and Goodwater Capital. Existing backers including Nexus Venture Partners and Glade Brook Capital also participated in the deal.[15]
In June 2024, Zepto raised $665 million funding at $3.6 billion valuation as part of its Series F round and $340 million funding at a $5 billion valuation two months later, raising over $1 billion in 2024 and more than $1.5 billion since its inception.
