Right after turning as unicorn, the Indian quick commerce startup Zepto has pocketed an enormous funding of $665 million from a fresh and current investors at total valuation of $3.6 billion. This significant fundraise signifies that the startup is readies up to enter in public market listing in upcoming year.

In the midst of new investors which are Avenir – a New York-based growth equity investment company, international venture capital entity - Lightspeed & growth-stage investor - Avra Capital, there are many vital investors also partake in the round including Nexus Venture Partners, Glade Brook & StepStone Group.

In the interim, the recent funding round has ballooned the valuation of the startup to $3.6 billion from its preceding valuation of $1.4 billion attained in the month of August 2023. This signifies the increasing interest amid the financial backers who foster to be a part of action at the success phase of the robust growing startup of India.

Furthermore, the latest funding round is projected to aid Zepto to expand its network of dark stores quickly or the warehouses in which the startup’s e-commerce and grocery items are warehoused.

According to Aadit Palicha, Co-founder and CEO of Zepto, “This dynamic of stores turning profitable faster and faster has enabled Zepto to grow rapidly while simultaneously achieving near EBITDA positivity at a company level. If we are able to achieve this while continuing to delight customers, I believe we will be ready to go public relatively soon”.

Kaivalya Vohra, Co-Founder and Chief Technology Officer says, “The most exciting part about this next phase of Zepto’s journey are the major new projects that will [provide a] 10X customer experience, from launching new categories to expanding initiatives like Zepto Pass. To build out this roadmap, we plan to hire top talent across engineering, product, growth, finance, operations, and category management”.