Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Zepto is India's 1st unicorn of 2023
Business Standard
|August 26, 2023
Raises $200 mn at $1.4 bn valuation
Quick commerce firm Zepto raised $200 million in a Series-E funding round at a $1.4 billion valuation, becoming the only Indian startup to turn a unicorn this year, and the 110th so far.
This signals a potential thaw in the funding winter, which has impacted the Indian startup sector for the past one and a half years. The fundraise also indicates investor confidence in the fledgling sector.
"Everyone thought this business model was nonsense, but it is working. It has turned out to be the fastest-growing category in India and will be the fastest ever to hit profitability," Zepto Chief Executive Officer Aadit Palicha told Business Standard.
The Mumbai-headquartered company said it planned to go public by 2025.
Diese Geschichte stammt aus der August 26, 2023-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
Offer for sale-heavy market listings unlock fresh money for luxury realty
Founders, Esop holders emerge as a younger cohort of high-end buyers
3 mins
January 21, 2026
Business Standard
Fair wages (schedules or tips) for gig workers?
Gig workers are supposed to be free to work anywhere.
3 mins
January 21, 2026
Business Standard
December core sector output hit highest level so far in FY26
India’s core sectors’ output surged to its highest level in 2025-26 (FY26) in December, even as year-on-year growth improved to a four-month high of 3.7 per cent from an upgraded 2.1 per cent uptick in November.
2 mins
January 21, 2026
Business Standard
India 2nd-most preferred investment destination for CEOs: PwC survey
THE SURVEY SHOWED THAT INDIAN CEOs ARE SIGNIFICANTLY MORE OPTIMISTIC ABOUT THE COUNTRY'S ECONOMIC GROWTH THAN THEIR INTERNATIONAL PEERS
1 mins
January 21, 2026
Business Standard
Greenland standoff pushes mkts into red
Equity benchmarks record sharpest fall since May 13, 2025
2 mins
January 21, 2026
Business Standard
Centre may amend Sarfaesi Act for control over Central Registry
The Union government is considering a set of amendments to the Sarfaesi Act, 2002 to remove legal ambiguities, strengthen oversight of the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (Cersai), and improve ease of doing business, according to sources familiar with the matter.
1 min
January 21, 2026
Business Standard
No flight cancellations after Feb 10, IndiGo tells DGCA
Have sufficient number of pilots to meet operational requirements, says airline
2 mins
January 21, 2026
Business Standard
Apple Pay likely to tap India market this year
Apple Pay, the digital payment service of the Cupertino-headquartered tech giant, is preparing to launch in India this year, according to sources.
2 mins
January 21, 2026
Business Standard
Lodha signs MoU with Maha to invest ₹1 trn in data centre park
Mumbai-based Lodha Developers has signed a memorandum of understanding (MoU) with the government of Maharashtra to invest ₹1 trillion, in addition to its earlier investment commitment of ₹30,000 crore, to develop a 2.5 gigawatt (GW) data centre park in the state.
2 mins
January 21, 2026
Business Standard
Gaza: Portrait of a tragedy
The Gaza Strip has made headlines consistently for over two years and is now the focus of a dubious “Board of Peace” brokered by United States President Donald Trump.
3 mins
January 21, 2026
Translate
Change font size