Zepto becomes India’s first unicorn in 2023, raises $200 million at $1.4 billion valuation

After a hiatus of almost a year, India has finally added a new unicorn. Mumbai-based quick commerce startup Zepto founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra has bagged a fresh $200 million (around Rs 1,653 crore) in funding led by new investor StepStoneGroup at a valuation of $1.4 billion, becoming the first unicorn of 2023.

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