Updated News Around the World
Instant delivery: Why investors who snubbed Zepto earlier, came back to make it a unicorn
Technology

Instant delivery: Why investors who snubbed Zepto earlier, came back to make it a unicorn

By Andrew McCollum

Zepto’s co-founder Kaivalya Vohra (L) with co-founder Aadit Palicha (R) in the front row. image credit: Special arrangement

Synopsis

Zepto, once seen as the most spendthrift quick-commerce upstart, was keenly watched about how it will navigate the funding winter. It defied naysayers again by raising a huge round and ending the funding drought of 2023. Not to forget, joining the coveted unicorn club.

Aadit Palicha was a teenager when he founded Zepto with co-founder Kaivalya Vohra. By Palicha’s own account, he was once laughed out of investor meetings. As of today, Zepto has ended India’s almost a year-long unicorn drought. By breaking into the billion-dollar club — where the entry has now become few and far between – Zepto stuck to doing what it does best. It proved the naysayers wrong. But it wasn’t just this. Not too long ago, the idea of

BY

9 mins read, Last Updated:

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Read this story for free.

Unlock your 30 days free access to ETPrime now.

Login to unlock

*No card details required.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Andrew McCollum 109721 posts 0 comments