
Zepto, a 10-minute delivery app, has raised $665 million at a valuation of $3.6 billion. The funding round was led by Nexus Venture Partners, which has been a consistent investor in Zepto since its seed round. The co-founders, Aadit Palicha and Kaivalya Vohra, have turned their college idea into a successful business. Zepto plans to double its outlets following this funding. The significant investment may trigger a discounting war among top quick commerce players such as Blinkit, Instamart, and Flipkart, which is expected to launch its quick delivery service next month. Anu Hariharan, whose fund led the round, called Zepto the 'Hyperlocal Amazon'. Nexus also involved its limited partner, StepStone, in the investment.







#TopStory on ETtech: #Quick commerce battle heats up ⬆️ 🤝| Flipkart explored a deal with Swiggy for a pie of quick commerce ✍️ @digbijaymishra1 Read more at: https://t.co/gMpc9JTCEf https://t.co/e6U57XdOnR
#Topstory on ETtech: Quickcommerce battel heats up 🤝| #Flipkart explored a deal with #Swiggy for a pie of quick commerce By @digbijaymishra1 Read more at: https://t.co/oiC1x0vaub https://t.co/mJpgZNx05D
Prosus' Swiggy disclosure suggests further market share gains for Zomato - Goldman Sachs https://t.co/VlqA7IlIpg