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