Zepto raises $200m, to become first unicorn of 2023

New Delhi: Online grocery delivery startup Zepto has raised $200 million in fundraise, valuing the company at $1.4 billion, and making it the first unicorn of 2023. The fundraise was led by US-based private markets investment firm StepStone Group, Zepto, set up in the aftermath of the pandemic, announced on August 25. The investment also marks StepStone Group’s first direct investment in an Indian company. Additionally, Goodwater Capital, a consumer-focused venture capital firm based in California, joined the round as a new investor. Existing investors, like Nexus Venture Partners, Glade Brook Capital, Lachy Groom also there investments in Zepto.