Announced
Completed
Financials
Sources
Tags
Friendly
Private
grocery delivery
Private Equity
Acquisition
Venture Capital
Minority
Software
delivery application
India
Completed
Cross Border
Synopsis
Y Combinator, a private equity fim, led a $200m Series D round in Zepto, a grocery delivery platform, with participation from Nexus Venture Partners, Glade Brook Capital, Lachy Groom, Kaiser Permanente and Contrary. “It is getting clearer in the space that there will be an Amazon and Flipkart-type of scenario... and for us, the intent was to accelerate that trend. The objective here is just to get into a position where we have enough currency to start consolidating in the next year," Aadit Palicha, Zepto Co-Founder and CEO.
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