Zepto becomes second unicorn startup of 2023 with $200 mn in latest funding

Online grocery delivery player Zepto has become the second Indian startup in 2023 to enter the coveted unicorn club with its series E fundraise of $200 million, valuing the company at $1.4 billion, the startup said on Friday.

This comes soon after Web3 startup Zyber 365 raised $100 million in late July, taking its valuation to $1.2 billion. A startup attains unicorn status upon reaching a valuation of $1 billion or more.

Zepto achieved this feat amidst a funding crunch in the Indian startup ecosystem, especially as investors tighten their purse strings for quick delivery platforms such as Dunzo.