Zepto is now valued at $900 million

On Monday, a Quick commerce startup named Zepto which was founded by two 19-year-old Stanford dropouts nine months ago announced that it in its latest Series D fundraising round, raised $200 million and is now valued at a whopping $900 million. The latest fundraising round of Zepto was led by Y Combinator Continuity Fund and Kaiser Permanente. It also witnessed the participation of other existing investors, including Nexus Venture Partners, Glade Brook Capital, and Lachy Groom.

Until now, the Quick Commerce startup raised close to $350 million and was valued at $560 million in April-December last year. The Chief Executive Officer of Zepto and cofounder Aadit Palicha informed that on a quarterly basis, the company has reported an 800% increase in its revenue. Other than this, the cash burn of the company has been reduced by a fifth on a pre-order basis. Zepto also claims to maintain a Net Promoter Score (NPS) of 88 points. NPS is a metric that companies use to measure customer loyalty. Palicha commented, “This unbelievable execution over the past few months has made it clear to investors that Zepto will be one of the winners in Indian Q-Commerce.”