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News on Medial
Why early investor Nexus is going all-in on Zepto
The Arc Web
·
1y ago
Medial
Early investor Nexus Venture Partners is heavily backing Zepto, an Indian quick-commerce startup. Zepto, founded by Aadit Palicha and Kaivalya Vohra, focuses on ultra-fast grocery deliveries. Nexus believes in Zepto's strong growth potential and strategic execution, which led them to significantly increase their investment in the company. Read the full article for detailed analysis
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Flush With Fresh Funds, Rapido Seeks To Ride The Quick Commerce Wave
Inc42
·
10m ago
Medial
Ride-hailing company Rapido is reportedly planning to enter the quick commerce sector in India. The Bengaluru-based company is said to be in discussions with Zepto and other grocers to establish a presence in the booming quick commerce market. The talks are still in the early stages but make sense given that both Rapido and Zepto have a common investor in Nexus Venture Partners. This move could provide Rapido with a significant supply advantage in the quick commerce space.
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Why VCs should care about TechCrunch All Stage 2025 | TechCrunch
TechCrunch
·
1m ago
Medial
TechCrunch All Stage 2025, happening on July 15 in Boston, is designed for venture capitalists (VCs), offering a unique opportunity to connect with high-caliber founders, early-stage operators, and laser-focused investors. Unlike typical VC-centric events, it provides curated networking, founder-focused sessions, and insights from seasoned speakers like Cathy Gao, Charles Hudson, and Tiffany Luck. Attendees can benefit from $200 off Investor passes and gain access to speakers, sessions, and potential investment opportunities.
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Zepto planning to move headquarters from Mumbai to B'luru: Report
Inshorts
·
1y ago
Medial
Quick commerce startup Zepto is planning to move its headquarters from Mumbai's Powai to Bengaluru's Sarjapur, Moneycontrol reported. Although Zepto has its business verticals in Mumbai and tech and product teams in Bengaluru, it aims to consolidate its operations by moving all corporate roles into a single space. Zepto has reportedly mandated employees to relocate to Bengaluru by early December.
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Tech-first VCs line up for new-age consumer firms
Economic Times
·
1y ago
Medial
Nexus Venture Partners, known for its expertise in SaaS, is set to lead a $5 million funding round in specialty coffee brand AbCoffee. This investment will triple the coffee brand's valuation to around $15 million in less than six months. Nexus also plans to invest in lab-grown diamond maker Aukera. Accel, an early investor in Flipkart, is also closing a $12 million round in fast fashion brand Newme. These investments reflect the growing interest of venture capital firms in new-age consumer brands with offline presence.
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Zepto becomes first unicorn of India in 2023
Livemint
·
1y ago
Medial
Zepto, an Indian quick commerce startup, raised a substantial amount in funding led by StepStone Group, marking the firm's first direct investment in an Indian company. Goodwater Capital also joined as a new investor. Zepto's existing investors, including Nexus Venture Partners, Glade Brook Capital, and more, also increased their investments. Zepto, which delivers groceries in 10 minutes, plans to go public in the next two to three years. Despite the challenging capital market conditions, Zepto has displayed strong operational discipline, turning the majority of its dark stores EBITDA positive and reducing burn. The company has achieved 300% YoY sales growth and aims to achieve $1 billion in annualized sales soon.
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This early investor of Zepto has three other unicorns in his portfolio
Business Today
·
1y ago
Medial
Hershel Mehta, an experienced investor and entrepreneur, backed early-stage start-up Zepto in 2020, even before it received funding from Y Combinator. Zepto recently became India's first unicorn in 2023, raising $200 million at a $1.4 billion valuation. Mehta believes Zepto's success is due to strong hiring and unmatched execution by its founders. He's also invested in other unicorns like Oyo, Axiom Space, and CoinDCX, following a strategy of supporting strong founders targeting large markets like India. Despite concerns about a crowded market, Zepto outperformed expectations by promising 10-minute grocery deliveries.
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Zepto completes 3 years, sees 25% higher orders on birthday
YourStory
·
1y ago
Medial
Quick commerce unicorn Zepto celebrated its third anniversary with a 25% increase in daily average orders. On July 15th, the platform recorded its highest order volume of all time with 750,000 orders, almost 25% higher than the daily average in the past month. Zepto recently raised $665 million at a $3.6 billion valuation and plans to focus on expanding its store count and growing its consumer offerings. The company aims to make its public debut in early 2025. Zepto faces competition from rivals like Swiggy's Instamart and Zomato's Blinkit in the quick commerce market.
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Zepto Eyes $250M Secondary Sale to Boost Indian Ownership Ahead of IPO
OutlookIndia
·
4m ago
Medial
Zepto, a quick-commerce start-up, is negotiating a $250 million secondary sale to increase Indian investor ownership from 33% to 50% before its planned IPO either later this year or in early 2026. The sale involves discussions with Motilal Oswal and Edelweiss Financial Services for purchasing shares. The transaction aims to enhance Indian ownership without raising additional capital, while current investors have an opportunity to cash out. Zepto competes in the Indian grocery delivery market and recently expanded into electronics.
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Zepto Likely To Enter BNPL Segment With ‘Zepto Postpaid’
Inc42
·
11m ago
Medial
Zepto is introducing a new feature on its app called Zepto Postpaid. Users can sign up on the waitlist to get early access to this feature. Zepto Postpaid will allow users to make interest-free repayments up to INR 5,000. This announcement comes shortly after Zepto raised $340 million in a funding round, led by General Catalyst, resulting in a valuation of $5 billion.
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We Founder Circle’s top exec teams up with angel investor for pre-IPO fund
VCCircle
·
7m ago
Medial
A top executive from We Founder Circle has partnered with an angel investor to establish a pre-IPO investment fund, according to sources. The new investment vehicle will focus on investing in companies before their planned initial public offerings. The fund has already been registered and aims to support early-stage companies in their journey towards going public.
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