Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer

Zepto, the quick commerce firm that recently became India’s first unicorn this year, has elevated Ankit Agarwal to the position of chief product officer.

Agarwal will be in charge of Zepto’s end-to-end product management, from consumers to supply chain and last-mile delivery.

“We’re not following trends; we’re setting them. I’m excited to be part of that team that is revolutionising commerce in India,” said Agarwal.

Zepto, which is backed by Y Combinator-backed, became the first Indian startup this year to be valued at more than $1 billion and achieve unicorn status. The company raised $200 million in a Series E funding round led by the StepStone Group at a $1.4 billion valuation, making it India’s 110th unicorn.