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Zepto's unknown co-founder and his $30 mn payout

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Gaurav Tyagi

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Gaurav Tyagi

25 reads

Zepto laying the groundwork for a potential reverse flip back to India has thrown up some curious information. The company has a previously unknown third cofounder, who now appears to have cashed out for as much as $30 million.

February 13, 2024

3 MINS READ

The past year has been something of a banner year for quick commerce startup Zepto. Not only did it close out the year ended March 2023 with its topline growing 14X to Rs 2,024 crore, it also finally crossed the unicorn threshold in August 2023 after a $200 million Series E fundraise. The fundraise saw Zepto’s valuation jump from $900 million to approximately $1.35 billion—a nearly 50% rise.

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