Zepto | VCINVEST DATA

Address

Kiranakart Technologies Pvt Ltd
Raje Sambhaji Nagar, Marol, Andheri East
Powai, Jogeshwari Vikhroli Link Rd
4th Floor, Wework Chromium
Mumbai 400076
Maharashtra
India

Open Map

Website

https://www.zeptonow.com

Industry

5610 Restaurants and mobile food services

Business classification

Food Retail & Distribution (NEC)

Corporate information

Official name

Kiranakart Technologies Private Limited

Registration country

India

Investment activity status

Active investor

Company type

Grocery delivery company.

Team

Current employees

	Aadit Palicha	Chief Executive Officer founder
	Kaivalya Vohra	N/A founder

Funding

Funding rounds

N/A USD 350,000,000

USD 350,000,000 (21 Nov 2024) at USD 5,000,000,000 valuation. Change in valuation: unchanged

	Profile	Country	Notes
Amitabh Bachchan			Initial investment. Round participant.
Cello World Ltd	Consumer products company specialising in houseware, writing instruments, stationery, and molded furniture.	India	Initial investment. Round participant.
Haldiram Snacks Food Pvt Ltd	Multinational Indian company specialising in sweets, snacks, and restaurants, known for traditional namkeens, western snacks, and ready-to-eat foods.	India	Initial investment. Round participant.
Kalyan Group	Diversified conglomerate providing services in infrastructure, real estate, software, pharmaceuticals, automation, and textiles.	India	Initial investment. Round participant.
Mankind Group Family Office	Family office managing investments for a prominent pharmaceutical company’s promoters focused on startup investments, particularly in pre-Series A	India	Initial investment. Round participant.
Motilal Oswal Financial Services Ltd	Diversified financial services company offering wealth management, broking, asset management, investment banking, private equity, and home finance.	India	Initial investment. Round participant.
Narotam Sekhsaria Family Office	Family office managing assets for a prominent Indian business family.	India	Initial investment. Round participant.
Raamdeo Agrawal			Initial investment. Round participant.
RP-Sanjiv Goenka Group	Multinational conglomerate with interests in power, carbon black, retail, IT, FMCG, media, entertainment, and sports.	India	Initial investment. Round participant.
Sachin Tendulkar			Initial investment. Round participant.

Sources:

21 Nov 2024

Zepto raises another $350M amid retail upheaval in India

TechCrunch

N/A USD 340,000,000

USD 340,000,000 (29 Aug 2024) at USD 5,000,000,000 valuation. Change in valuation: up round

	Profile	Country	Notes
General Catalyst Group Management LLC	Venture capital firm that makes early-stage and transformational investments.	United States	Initial investment. Led the round.
Contrary Capital		United States	Follow-on investment. Round participant.
DST Global	The investment vehicle of Silicon Valley-based Russian Internet financier Yuri Milner.	United States	Follow-on investment. Round participant.
Glade Brook Capital Management LLC			Follow-on investment. Round participant.
Lightspeed Management Co LLC	Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.	United States	Follow-on investment. Round participant.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Follow-on investment. Round participant.
StepStone Group LP		United States	Follow-on investment. Round participant.

Sources:

29 Aug 2024

India's Zepto raises $340 mln at $5 bln valuation

Reuters

Series F USD 665,000,000

USD 665,000,000 (20 Jun 2024) at USD 3,600,000,000 valuation. Change in valuation: up round

	Profile	Country	Notes
DST Global	The investment vehicle of Silicon Valley-based Russian Internet financier Yuri Milner.	United States	Initial investment. Led the round.
Glade Brook Capital Management LLC			Initial investment. Led the round.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Initial investment. Led the round.
StepStone Group LP		United States	Initial investment. Led the round.
Avenir			Initial investment. Round participant.
Avra			Initial investment. Round participant.
Contrary Capital		United States	Follow-on investment. Round participant.
Goodwater Capital LLC		United States	Follow-on investment. Round participant.
Lachy Groom			Follow-on investment. Round participant.

Sources:

20 Jun 2024

Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation

TechCrunch

Series E USD 200,000,000

USD 200,000,000 (25 Aug 2023) at USD 1,400,000,000 valuation. Change in valuation: up round

This round brings the Company's total funding to USD 560 million.

	Profile	Country	Notes
StepStone Group LP		United States	The Group's first investment in India, Initial investment. Led the round.
Goldwater Capital LP		United States	Initial investment. Round participant.
Glade Brook Capital Management LLC			Follow-on investment. Round participant.
Lachy Groom			Follow-on investment. Round participant.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Follow-on investment. Round participant.

Sources:

25 Aug 2023

Zepto becomes India’s first 2023 unicorn with $200 million fresh funding

TechCrunch

Series D USD 200,000,000

USD 200,000,000 (2 May 2022) at USD 900,000,000 valuation. Change in valuation: up round

The round brings the Company's total funding to USD 360 million.

	Profile	Country	Notes
Y Combinator Continuity Fund I LP		United States	Follow-on investment. Led the round.
Kaiser Permanente Ventures	The corporate venturing arm of Kaiser Permanente.		Initial investment. Round participant.
Contrary Capital		United States	Follow-on investment. Round participant.
Glade Brook Capital Management LLC			Follow-on investment. Round participant.
Lachy Groom			Follow-on investment. Round participant.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Follow-on investment. Round participant.

Sources:

2 May 2022

Zepto, a 10-minute grocery delivery app, raises $200 million at $900 million va…

TechCrunch

Series C USD 100,000,000

USD 100,000,000 (Dec 2021) at USD 570,000,000 valuation. Change in valuation: up round

The round brings total funding to USD 160 million.

	Profile	Country	Notes
Y Combinator Continuity Fund I LP		United States	Initial investment. Led the round.
Breyer Capital		United States	Initial investment. Round participant.
Contrary Capital		United States	Initial investment. Round participant.
GFC Global Founders Capital GmbH	The venture arm of Rocket Internet.	Germany	Initial investment. Round participant.
Glade Brook Capital Management LLC			Initial investment. Round participant.
Lachy Groom			Initial investment. Round participant.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Initial investment. Round participant.

Sources:

20 Dec 2021

Zepto, a 10-minute grocery delivery app in India, raises $100 million

TechCrunch

N/A USD 60,000,000

USD 60,000,000 (31 Oct 2021) at USD 225,000,000 valuation. Change in valuation: up round

First institutional financing round.

	Profile	Country	Notes
Glade Brook Capital Management LLC			Initial investment. Led the round.
GFC Global Founders Capital GmbH	The venture arm of Rocket Internet.	Germany	Initial investment. Round participant.
Lachy Groom			Initial investment. Round participant.
Manik Gupta			Initial investment. Round participant.
Neeraj Arora			Initial investment. Round participant.
Nexus Venture Partners	Early-stage venture capital firm.	United States	Initial investment. Round participant.
Y Combinator Continuity Fund I LP		United States	Initial investment. Round participant.

Sources:

31 Oct 2021

Zepto, a 10-minute grocery delivery app in India, raises $60 million

TechCrunch

Cap Table

Current and past shareholders

	Contacts	Round
Amitabh Bachchan		N/A Series C Series D Series E Series F
Avenir		Series F
Avra		Series F
Breyer Capital	+1 (650) 681-3069	Series C
Cello World Ltd Consumer products company specialising in houseware, writing instruments, stationery, and molded furniture.		N/A
Contrary Capital		N/A Series C Series D Series F
DST Global The investment vehicle of Silicon Valley-based Russian Internet financier Yuri Milner.		N/A Series F
General Catalyst Group Management LLC Venture capital firm that makes early-stage and transformational investments.	+1 (617) 234-7000	N/A
GFC Global Founders Capital GmbH The venture arm of Rocket Internet.	+49 (30) 300-1318-00	N/A Series C
Glade Brook Capital Management LLC		N/A Series C Series D Series E Series F
Goldwater Capital LP	786-501-4072	Series E
Goodwater Capital LLC		Series F
Haldiram Snacks Food Pvt Ltd Multinational Indian company specialising in sweets, snacks, and restaurants, known for traditional namkeens, western snacks, and ready-to-eat foods.		N/A
Kaiser Permanente Ventures The corporate venturing arm of Kaiser Permanente.		Series D
Kalyan Group Diversified conglomerate providing services in infrastructure, real estate, software, pharmaceuticals, automation, and textiles.		N/A
Lightspeed Management Co LLC Multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.	+1 (650) 234-8300	N/A
Mankind Group Family Office Family office managing investments for a prominent pharmaceutical company’s promoters focused on startup investments, particularly in pre-Series A		N/A
Motilal Oswal Financial Services Ltd Diversified financial services company offering wealth management, broking, asset management, investment banking, private equity, and home finance.		N/A
Narotam Sekhsaria Family Office Family office managing assets for a prominent Indian business family.		N/A
Nexus Venture Partners Early-stage venture capital firm.	+1 (650) 561-0758	N/A Series C Series D Series E Series F
RP-Sanjiv Goenka Group Multinational conglomerate with interests in power, carbon black, retail, IT, FMCG, media, entertainment, and sports.		N/A
StepStone Group LP	(858) 558-9700	N/A Series E Series F
Y Combinator Continuity Fund I LP	+1 (415) 568-2244	N/A Series C