Zepto raises $665 mn in latest round

Hyderabad: Zepto, home grown consumer internet company has raised $665 million at a $3.6 billion valuation in a highly oversubscribed round – just nine months after the company raised $235 million at a $1.4 billion valuation. Avenir, Lightspeed, and Avra (Anu Hariharan’s new fund) joined the company’s cap table as new investors.

Existing investors Glade Brook, Nexus, and StepStone co-led the round with Goodwater and LachyGroom. AaditPalicha, Co-Founder & CEO, said: “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.”