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Founded in 2021 by two Stanford University drop-outs Aadit Palicha and Kaivalya Vohra, Zepto is a quick commerce platform that offers a 10-minute grocery delivery service. The startup was launched to provide customers with ultra-fast grocery delivery.
The group, which writes cheques of $1 million to $150 million, funds VCs, invests directly in companies and takes part in secondary transactions when an investor wants to exit.
While the jury is still out on the profitability — if at all — of quick commerce firms, especially as a standalone business, multiple industry executives and investors in the space agreed with Palicha, on ‘execution being the differentiator.
Most of the capital from the previous round still sits in Zepto's bank but the startup has raised more money to build its balance sheet ahead of going public in the first half of 2025, co-founder Aadit Palicha has said
The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.