Zepto the billion company

 

Zepto raised $200 million in a Series E funding round, which increased its valuation to $1.4 billion

Zepto

Zepto is a Mumbai-based startup that delivers groceries in 10 minutes. The company was founded in 2021 by Stanford University dropouts Aadit Palicha and Kaivalya Vohra. Zepto is India's fastest-growing e-grocery company, valued at $1.4 billion.

Zepto

Here are some other things Palicha has said about Zepto: .

• In 2022, Zepto's valuation crossed Rs 7,300 crore.
• In 2021, Zepto completed 10 lakh orders.
• Zepto is aiming to cross Rs 10,000 crore in overall sales in the coming months.
• Zepto should be cash flow positive in 12-15 months.

1. Achieving Unicorn Status:

   - Zepto achieved unicorn status in just a few years with the tagline "Groceries Delivered in 10 Minutes."

2. Strategic Business Model:

   - Zepto's success is attributed to a strategic business model and effective planning methods.

3. Quick Commerce Sector:

   - Zepto operates in the quick commerce sector, focusing on instant customer service.

4. Dark Stores Concept:

   - Zepto uses "dark stores," 2,500-3,000 square feet facilities, not open to the public, but used for retailers to stock inventories.

5. Presence of Dark Stores:

   - Zepto has 200+ dark stores in major cities like Bangalore, Mumbai, Delhi, Chennai, Gurgaon, Hyderabad, Pune, and Noida.

6. Strategic Location of Dark Stores:

   - Dark stores are strategically located based on customer shopping patterns and needs.

7. Stocking Popular Items:

   - Dark stores stock popular items such as cooking necessities, fresh produce, personal care items, snacks, beverages, and home cleaning items.

8. Efficient Order Processing:

   - Zepto ensures efficient order processing by having delivery riders on standby for different locations.

9. Delivery Timeframe:

   - Zepto guarantees delivery within 10 minutes of placing an order, with an average delivery time of 8 minutes and 47 seconds.

10. Secret Software:

    - CEO Aditya Palicha mentioned a secret software (possibly an AI tool) for rapid packaging within 60 seconds of order placement.

11. Business Model:

    - Zepto monetizes by charging a commission from the total order value of customers.

Zepto food item Categories
Fruits & Vegetables
Atta, Rice, Oil & Dals
Masala & Dry Fruits
Sweet Cravings
Frozen Food & Ice Creams
Baby Food
Dairy, Bread & Eggs
Cold Drinks & Juices
Munchies
Meats, Fish & Eggs
Breakfast & Sauces
Tea, Coffee & More
Biscuits
Makeup & Beauty
Bath & Body
Cleaning Essentials
Home Needs
Electricals & Accessories
Hygiene & Grooming
Health & Baby Care
Homegrown Brands
Paan Corner

Our Unique Selling Proposition

Get your groceries in just 10 minutes with Zepto - the fastest delivery app in the market!

For Busy Lives

Zepto is designed for busy individuals and families who need groceries on the go. We understand your time is precious.

Powered by Technology

Zepto leverages cutting-edge technology to ensure the fastest and most efficient grocery delivery. Our AI-driven algorithms optimize routes for speedy deliveries.

Seamless User Experience

Zepto offers an intuitive app interface for a hassle-free shopping experience. Don't just take our word for it - hear what our satisfied customers have to say!

Special Offers for You

Enjoy exclusive promotions and discounts when you choose Zepto for your grocery needs. Follow us on social media for exciting updates and offers!

Trusted Partnerships

We partner with trusted grocery stores to ensure the quality and freshness of your items. Your safety is our priority, and we've implemented strict measures to guarantee a secure delivery process.

Largest Stakeholder: Nexus Ventures, holding 20.07%.

Founders' Holdings: Palicha and Kaivalya Vohra (with relatives) collectively own nearly 28%.

Dilution Estimate: Zepto is likely to dilute around 14% with the $200 million Series D round.

Main Numbers: Series D Round: $200 million. Monthly Average Revenue Run Rate: Rs 400 crore.

Key Words: Unicorn Round. Dilution. EBITDA. Financial Performance.

Mail Points: Competition with Swiggy Instamart and Zomato-owned BlinkIt. Dunzo's financial challenges and potential valuation markdown.

FY23 Revenue: Closed with a 10-fold jump, current monthly average revenue run rate is around Rs 400 crore.

FY22 Performance: Rs 142.36 crore revenue with losses of Rs 390 crore.

Swiggy Instamart: Rs 2,036 crore sales of grocery and FMCG products in FY22.

Zomato Blinkit: Rs 806 crore revenue in FY23, Rs 385 crore in Q1 FY24.

Dunzo: Facing funding crunch, fired over 400 employees in 2023, delayed salaries. Potential 50% valuation markdown.

Dunzo FY22 Performance: Rs 54 crore revenue against Rs 464 crore loss.

“We closed FY23 with a 10-fold jump in revenue in the last fiscal (FY23) with an improvement in EBITDA. Our current monthly average revenue run rate is around Rs 400 crore, and our growth numbers will see a similar curve in FY24.”