10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn

Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital

After operating in stealth mode for six months, Zepto said it has raised an early-stage round of $60 million to expand 10-minute grocery delivery nationwide. Nineteen-year-old founders, Aadit Palicha and Kaivalya Vohra, left behind computer science degrees at Stanford University to build Zepto, with backing from institutional investors like US investor Glade Brook Capital, Nexus, and Y Combinator, and individual investors including Lachy Groom, Neeraj Arora, and Manik Gupta. The company was started in 2021.

With its optimised network of ‘cloud stores’ or micro-warehouses, Zepto is able to consistently deliver in 10 minutes through a combination of technical and operational