Zepto Startup to first unicorn of 2023

Zepto is an instant grocery delivery startup based in India promises to deliver the food with in 10 minute. It has gained significant attention for its unique approach to providing on-demand delivery services for a wide range of products, from grocery items to electronic gadgets.
Unlike many of its competitors that have faced challenges or shutdowns, Zepto has managed to thrive in the intensely competitive delivery market. The company has recently achieved the coveted “unicorn” status, which means it’s now valued at $1.4 billion and became first unicorn of 2023.

Zepto’s current trendiness stems from its ability to stand out and succeed in a market where many similar startups have struggled. While numerous instant delivery companies faced setbacks, Zepto managed to secure fresh funding of $200 million in a new funding round.
This investment not only showcases the confidence investors have in Zepto’s business model but also highlights the company’s achievement as the first Indian unicorn of 2023. Its success is particularly noteworthy given the challenges posed by a sluggish economy, making Zepto a standout example of resilience and effective execution.

Zepto was co-founded by Aadit Palicha and Kaivalya Vohra. Both founders embarked on this entrepreneurial journey of their company Zepto, startup to first unicorn of 2023 when they were just 19 years old. Prior to Zepto, they had already demonstrated their innovative spirit by working on various projects, including a ride-hailing app for school children.

Despite their young age, they took the bold step of dropping out of Stanford University to fully commit to building Zepto. This decision underscores their determination and confidence in their vision, which has clearly paid off with the company’s impressive growth and success.

Zepto’s app serves as the gateway for customers to access a diverse range of products available for instant delivery. From groceries to electronic gadgets, customers can conveniently place orders through the app. Zepto has established an efficient delivery system that processes over 300,000 orders daily across seven major cities in India.
The company’s operations heavily rely on a network of “dark stores” strategically located in popular neighborhoods. These stores contribute to the company’s EBIDTA positivity, indicating a strong financial position. The company’s commitment to technology and product excellence sets it apart, enabling Zepto to maintain a high level of customer satisfaction and operational efficiency.

Working at Zepto offers individuals an opportunity to be part of a dynamic and rapidly growing technology company. The company’s focus on execution and discipline within the supply chain highlights its dedication to maintaining high standards. Zepto values technical excellence, making it an attractive destination for those looking to contribute to building top-tier supply chain and customer-facing products.
As Zepto gears up for its IPO by 2025, joining the company means becoming a part of a team that is not only aiming for profitability but also emphasizes continuous improvement and growth.

Zepto’s recent funding round has elevated its valuation to $1.4 billion, solidifying its unicorn status. The company’s annualized revenue sales have surpassed $700 million, with a remarkable year-on-year growth of 300%. Despite challenges faced by the overall economy and the startup ecosystem, Zepto’s success stands out as a beacon of accomplishment.
The company’s future target includes being IPO-ready within the next 12 to 15 months, with a focus on maintaining a positive EBITDA metric. Zepto is aiming to achieve $1 billion in annualized sales in the upcoming quarters, showcasing its commitment to continued expansion and financial strength.

The biggest drawback of Zepto is that you cannot view the products, order them, or get access to any feature present in their app, on their website.