Zepto: India's first Unicorn in 2023

Ending India’s 11 month drought, Zepto became the first unicorn of 2023 by raising $200 million in a series E funding round bringing its valuation to $1.4B.

[{"selector":"#anim-559ffee8-dd93-44fb-978d-504c5e32a8bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6af2f45a-147d-45dc-b1f5-7fbda4f0e591 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-30.903764049957378%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Zepto at the net worth of $1.4B was launched in 2021 by two Stanford dropouts, Aadit Palicha & Kaivalya Vohra.

[{"selector":"#anim-09acaea9-d528-4556-bf5a-9654b0f93326","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91c539e0-cc99-4c71-b930-6cd47d00b54b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.54545426583781%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Zepto delivers 6000 groceries in 10 minutes through a system of dark stores fronts & mini warehouses.

[{"selector":"#anim-9c5d0ddd-57bc-48ec-ad53-2ee782ec7678","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51f134ae-0cb8-4366-a68f-b9871dbb1626 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.87579921200005%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Zepto average order value ranges from INR 400-500 with 300,000 to 400,000 in a day.

[{"selector":"#anim-c2a3ecaf-8d61-4a57-af18-11e60aa1596c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d40105b8-7669-41cf-b3ae-a18fdbb2df51 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Zepto has established 200 dark scores. 50-60% of the stores have started generating cash flows indicating the effectiveness of Zepto business model and strategies.

[{"selector":"#anim-c3eb9797-17ea-44ef-acc1-1c0735f140b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-693d2e67-482c-4f2a-bcea-1a17b1b2745c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] For more such stories