Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto is India’s fastest growing e-grocery company valued at $900 Million following its recent Series-D fundraise of $200 Million from marquee global investors including Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquartered in Mumbai, Zepto is present across 10 major cities in the country, 1000+ employees strong, and delivers 3000+ products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10 minutes. Through strong tech capabilities, an efficient business model, and a network of highly optimized delivery centers across its 10 locations, the company is revolutionizing the Indian grocery segment currently pegged at $600 Billion, making it easier and convenient. Beyond grocery, Zepto has also introduced a cafe offering that allows customers to order Coffee, Chai, and other Café items, along with their groceries.
The digital demand for smart applications is exploding like it was never before. To satisfy our daily food needs, we all buy groceries. You only need an app on your Android phone to have all of your grocery orders delivered to your comfortable couch, eliminating the need to go to the store for your daily requirements. With only a few taps on your mobile device, you can get your groceries now.
Companies are working to reduce the time it takes to deliver groceries in the groceries delivery business. Weezy, Gorillas, Jokr, Swiggy Instamart, Grofers, are some of the companies from all over the world that are competing with the primary goal of reducing delivery time and transporting supplies in 10-15 minutes, and so is Zepto.
Zepto is not another grocery delivery app but a platform that promises 10-minute deliveries of groceries, built in order to revolutionise the selling and deliveries of groceries. With Zepto by their side, the customers can conveniently purchase from 2500+ products and get them delivered to their doorstep with the help of Zepto's 10-minute e-grocery delivery app.
Zepto, a startup based in Mumbai, offers a 10-minute groceries delivery service. Aadit Palicha and Kaivalya Vohra launched Zepto, a company known to deliver groceries in 10 minutes.
Specialising in delivering groceries before the turn of a year is what Zepto is hailed for. It has worked with 86+ dark store owners in thirteen different areas in 2021, generating over one million deliveries. To fulfil orders promptly, Zepto employs its network of 'cloud shops' or micro-warehouses.
Zepto's secret of the trade lies in its capacity to routinely produce 2,500+ goods for delivery in under ten minutes. It's at the heart of everything the firm does, and it's why they've been able to grow so quickly while maintaining incredible client loyalty.
With the dark store idea, the Parel-based rapid grocery delivery business has slashed the time it takes to deliver groceries to only 10 minutes. According to reports, rapid commerce is the next major thing the supermarket delivery sector is hoping to capitalize on. Startups like Zepto in India and Fridge No More in New York City are among the fastest-growing companies in the faster-delivery business.
E-grocery delivery is gathering traction in India with a $1 trillion retail market where grocery purchases make up the vast majority of consumer spending. The Indian e-grocery market was valued at $2.9 billion in 2020, and it is expected to grow at a rate of 37.1% from 2021 to 2028.
The sector has expanded in prevalence in the past months as a result of evolving customer habits, growing urbanisation, and a tech-savvy generation who prefers to make online purchases.
A RedSeer report mentioned that the quick commerce segment was valued at $30 mn in 2021. The same segment was predicted to become a $5 bn market in 2025, growing by 15X.
As their standard of living increase and their daily schedules get tighter, consumers are flocking to customised and convenient internet platforms for grocery shopping instead of walking down to the local shops.
Following the COVID-19 pandemic, the popularity of online grocery delivery became increasingly evident. As a consequence of social distancing constraints, consumers are converting to online grocery shopping, which is not only convenient but also safer.
Aadit Palicha and Kaivalya Vohra, both 19-year-old childhood pals, created Zepto after walking out of Stanford University's renowned computer science department to return to their home, India, and start up a business. The firm was founded in September of last year and began operations in April of this year.
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