Singapore – May 10, 2022 – Cooley advised Zepto, a 10-minute grocery delivery startup, on its $200 million Series D financing round, propelling its valuation to $900 million. Partner Matthew Bartus led the Cooley team advising Zepto.
Y Combinator Continuity led the financing round, with participation from new and existing investors. With the new capital, Zepto is looking to expand its instant delivery service to more cities in India and grow its network of dark stores, which it uses to store inventory, as well as nearly double its workforce.
“For Zepto, instant grocery delivery is just the beginning in a decade-long journey ahead,” Aadit Palicha, chief executive office of Zepto, said in an article published by TechCrunch.
Co-founded in 2021 by Palicha and Kaivalya Vohra, who both dropped out of Stanford University at the age of 19, Zepto is one of the fastest-growing startups in India. The company operates in various cities across India and works to consistently deliver hundreds of thousands of orders a day in 10 minutes each.
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