Zepto Raises $665 Million to Double Store Count to 700+ by March 2025 

The company will also invest the funds to foray into new categories, expand initiatives like Zepto Pass, and hire top talent across various teams. “The most exciting part about this next phase of Zepto’s journey are the major new projects that will 10X the customer experience, from launching new categories to expanding initiatives like Zepto Pass. To build out this roadmap, we plan to hire top talent across engineering, product, growth, finance, operations, and category management,” said Kaivalya Vohra, the company’s co-founder and chief technology officer (CTO).Currently, all major quick commerce players, including Zomato’s Blinkit, Swiggy Instamart, Zepto, and Tata-backed BigBasket, are planning to foray into delivering high-value electronics and white goods such as mobile phones, air conditioners, and washing machines. This is likely to help the companies increase their average order value (AOV), consequently boosting their profitability. This fundraise also marks the launch of Avra Capital, a growth equity fund started by Anu Hariharan (the former Managing Director of Y Combinator’s Continuity Fund). Zepto is the firm’s first investment globally. 

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