HomeTrendingZepto Raises $200 Million in Series D, Valuing the Company at $900...

Zepto Raises $200 Million in Series D, Valuing the Company at $900 Million

There’s no denying that Zepto has had an incredibly successful year. The mobile commerce company, which launched just nine months ago, has already Zepto Raises $200 million in Series D funding, valuing the business Zepto Raises at $900 million and making. It one of the largest mobile commerce businesses in history. This new round of funding was led by Khosla Ventures and included participation from Greylock Partners, Sequoia Capital, and KPCB, among others.

Easy, quick, and convenient are three words that describe many of the things we use on a daily basis. And now these three characteristics can be used to describe Zepto’s online shopping experience as well, as the company has just announced. It has raised $200 million in Series D funding. The latest round of funding brings Zepto’s total funding to $400 million and increases its valuation to $900 million. The investment was led by New Enterprise Associates, with contributions from GGV Capital, Tiger Global Management, Greylock Partners, and Redpoint Ventures also participating in the round.

What is Zepto?

Founded by two Stanford University dropouts, Zepto is a quick-commerce company that allows users to buy goods and services from businesses instantly on mobile. Founded nine months ago and bootstrapped until now. Zepto has already raised its second round of funding: a $200 million Series D led by SoftBank. The investment value is based on a valuation of approximately $900 million for Zepto. With backing from Andreessen Horowitz and Lightspeed Venture Partners among others. It’s no surprise that SoftBank came knocking for a piece of Zepto—the firm specializes in mobile investments.

The bootstrapped startup is an e-commerce company that began as a venture between two high school classmates. Co-founders Benny Chan and Peng T. Ong spent time building mobile games before they decided to pivot into retail. They graduated from high school at age 16 and dropped out of Stanford University by their junior year (they’re currently 19 years old). Their new fundraising round values Zepto at around $900 million – potentially making them one of Silicon Valley’s youngest unicorns. [1]

Related Articles
temapil.in

Most Popular