Top deals of Aug 25-31: Quick delivery platform Zepto raises $200 m

Other top deals of the week are fundraises by Medibuddy, SatSure, CredRight, and Facets.Cloud

Update: 2023-09-04 01:00 GMT
Representational image: iStock
trueasdfstory

Kiranakart Pte Ltd, which runs quick delivery platform Zepto, raised $200 million in Series E funding from Goodwater Capital, Nexus Venture Partners, Glade Brook Capital Partners, Lachy Groom, and Stepstone Group. The startup will use the funds to expand its burgeoning business. Zepto operates an e-commerce platform specialising in delivering groceries almost instantly. In the latest round,...

This article is part of The Federal Premium, available exclusively to our subscribers.
Subscribe now at attractive rates and enjoy uninterrupted access to our special articles.

Kiranakart Pte Ltd, which runs quick delivery platform Zepto, raised $200 million in Series E funding from Goodwater Capital, Nexus Venture Partners, Glade Brook Capital Partners, Lachy Groom, and Stepstone Group. The startup will use the funds to expand its burgeoning business.

Zepto operates an e-commerce platform specialising in delivering groceries almost instantly. In the latest round, it was valued at $1.4 billion, making it India's 84th unicorn — a startup that is valued at $1 billion or more. In fact, Zepto is the first unicorn of 2003.

Cashless healthcare provider MediBuddy raised $18 million, marking the second-largest investment of the week. The other top fundraisers were satellite imager provider SatSure, digital lender CredRight, and self-serve infrastructure management platform Facets.Cloud, according to data from PrivateCircle Research.


Full View


Tags:    

Similar News