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Indian grocery delivery startup Zepto bags $60M in an investment round

Zepto, a Mumbai-based quick grocery delivery startup, has raised $60 million in the early stages of an investment round. Teenagers Aadit Palicha and Kaivalya Vohra, who also happened to be Stanford dropouts, founded this startup earlier this year. The startup now has a valuation of $200-$300 Million after this investment. The round was led by Glade Brook Capital, Nexus and Y Combinator, whereas Lachy Groom, Neeraj Arora and Manik Gupta were also amongst the prominent investors. Zepto promises 10-minutes delivery of groceries in India through its web of dark stores.

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