Instant delivery: Why investors who snubbed Zepto earlier, came back to make it a unicorn
Zepto's co-founder Kaivalya Vohra (L) with co-founder Aadit Palicha (R) in the front row. image credit: Special arrangement
Synopsis
Zepto, once seen as the most spendthrift quick-commerce upstart, was keenly watched about how it will navigate the funding winter. It defied naysayers again by raising a huge round and ending the funding drought of 2023. Not to forget, joining the coveted unicorn club.
Aadit Palicha was a teenager when he founded Zepto with co-founder Kaivalya Vohra. By Palicha’s own account, he was once laughed out of investor meetings. As of today, Zepto has ended India’s almost a year-long unicorn drought. By breaking into the billion-dollar club — where the entry has now become few and far between – Zepto stuck to doing what it does best. It proved the naysayers wrong. But it wasn’t just this. Not too long ago, the idea of
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