Zepto raises $60 million to deliver groceries in 10 minutes

Mumbai: Quick commerce grocery delivery app Zepto has raised $60 million in a funding round led by US -based investment fund Glade Brook Capital, at a post-money valuation of $225 million.

Venture capital fund Nexus Venture Partners and Silicon Valley’s Y Combinator participated in the fundraising, as did prominent angel investors including WhatsApp’s former Chief Business Officer Neeraj Arora. Glade Brook Capital is an investor in US grocery startups like Instacart and Good Eggs. It has also invested in food delivery app Zomato.