Tag: US-based Kaiser Permanente

Grocery Delivery Startup Raises $200M, Burns Less Cash than Rivals
Business, India

Grocery Delivery Startup Raises $200M, Burns Less Cash than Rivals

Zepto, an Indian grocery delivery startup, has just raised $200M at a valuation of $900M. As per this latest fundraising in the grocery delivery sector, it is now seen as an Investor hotspot where every business is vying to deliver groceries to a customer in flat 10 minutes. Indian delivery startup, Zepto, is spearheaded by two Stanford dropouts aged 19. Founded in 2021 during the prime of the pandemic, this new fundraising is led by Silicon Valley-based Startup incubator- Y Combinator! The investment round also includes US-based Kaiser Permanente and its previous investors, Nexus Venture Partners. As per market speculation, Zepto food delivery startup competes with Blinkit, erstwhile Grofers, backed by SoftBank. In the wake of 10-minute delivery, these Indian grocery delivery st...
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