Zepto races to $570 mn valuation, says median delivery time is 8:24 min

The company said it has been tripling its user base every month

Quick commerce platform Zepto, which was launched five months back by two teenage Stanford dropouts, has raised $100 million in its Series C round at a valuation of $570 million. The company said that its last funding round of $60 million was 45 days back and its valuation has doubled since then.

Aadit Palicha, CEO and co-founder of Zepto, told Business Standard, “Our median delivery time is 8 minutes 24 seconds and our average order values are 20-30 per cent higher than that of food delivery companies. We are planning to launch in a few dozen cities, but have not