Submission declined on 17 October 2023 by Akshithmanya (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
| Submission declined on 17 January 2023 by Akevsharma (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by Akevsharma 17 months ago. | |
| Submission declined on 29 December 2022 by QueerEcofeminist (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by QueerEcofeminist 17 months ago. | |
| Company type | Private |
|---|---|
| Industry | Q-commerce |
| Founded | July 2021 |
| Headquarters | , India |
Number of locations | 200 stores (2023) |
Key people | |
| Services | Online grocer |
| Revenue |  ₹2,024 crore (US$240 million) (FY23)[1] |
 ₹−1,272 crore (US$−150 million) (FY23) | |
| Website | zeptonow |
Zepto is an Indian Q-commerce company focused on grocery. It was founded in July 2021 by Aadit Palicha and Kaivalya Vohra. The company is based out of Mumbai and operates over 200 dark-stores across ten metropolitan areas in India.[2]
History
editAadit Palicha started Zepto with Kaivalya Vohra in 2020 when they were 17 years old.[3][4] Palicha and Vohra skipped college to start Zepto, instead raising capital from Contrary, which offered to invest if they dropped out of Stanford University.[5][6]
Palicha and Vohra originally branded the company as KiranaKart and focused on facilitating grocery delivery by partnering with local kirana stores, but that approach did not gain traction.[7] They also participated in Y Combinator's accelerator program while building out the first version of the platform.[8]
Business
editIn 2021, the company rebranded to Zepto and verticalized the operation, building a network of dark stores to fulfill orders. In April 2022, Zepto launched Cafe, a division focused on delivery of coffee and ready-to-eat food.[9] In February 2023, the company launched Bloom, a platform for farmers to manage food production and distribute goods from villages to cities.[10]
Zepto and other major delivery platforms including Zomato, Blinkit, and Swiggy employ over 3 million gig workers.
The company began a paid membership program in February 2024[11], which has over 4 million subscribers as of April 2024.[12]
Controversy
editIn April 2022, Anand Mahindra publicly commented that q-commerce delivery is "inhuman" to the delivery workers that Zepto and peers contract to fulfill orders. Palicha responded, arguing that only speeds of less than 15 kmph are necessary to make deliveries.[13] In 2023, the New York Times reported that Zepto delivery drivers make $240 per month on average.[14]
Funding
editZepto has raised $560 million. The company measures its capital in US dollars rather than Indian Rupees. Other notable investors include Jim Breyer, Lachy Groom, and Global Founders Capital.[15] Zepto was India's first Unicorn (finance) of 2023, and one of two companies to be valued over $1 billion that year.[16]
| Round | Size | Valuation | Lead Investor(s) |
|---|---|---|---|
| Seed[17][18] | $730,000 | $2.5 million | Contrary |
| Series A | undisclosed | undisclosed | Nexus Venture Partners |
| Series B[19] | $60 million | $225 million | Glade Brook Capital |
| Series C[20] | $100 million | $570 million | Y Combinator |
| Series D[21] | $200 million | $900 million | Y Combinator |
| Series E[22][16] | $200 million | $1.4 billion | StepStone Group |
References
edit- ^ "Zepto's revenue grows 14X to Rs 2,024 Cr in FY23, losses up by 3X". Entrackr. Retrieved 26 October 2023.
- ^ "Many of Zepto's dark stores now profitable; co announces leadership changes". The Times of India. 2023-05-31. ISSN 0971-8257. Retrieved 2023-08-03.
- ^ "As Indians expect groceries in 10 mins, delivery agents struggle". Al Jazeera. Retrieved 2024-06-07.
- ^ "Y Combinator-backed Zepto launches 10-minute food delivery service 'Cafe' in Mumbai". Moneycontrol. 18 April 2022. Retrieved 2022-12-29.
- ^ Hernbroth, Megan. "One Silicon Valley venture firm will invest up to $100,000 in startups founded by college students taking a gap year to become entrepreneurs". Business Insider. Retrieved 2022-12-29.
- ^ "Stanford dropouts raise $60 million for grocery startup Zepto". Yahoo Finance. 2021-11-11. Retrieved 2023-08-03.
- ^ Li, Steven. "They Raised $360 Million After Dropping Out Of Stanford And Built Grocery Delivery App Zepto, Now Worth $900 Million". Forbes. Retrieved 2022-12-29.
- ^ Singh, Manish (2021-10-31). "India's Zepto raises $60M for its 10 minute grocery delivery app". TechCrunch. Retrieved 2023-08-03.
- ^ "Zepto unveils 10-minute food delivery service 'Cafe' in Mumbai: All you need to know". Zee News. Retrieved 2022-12-29.
- ^ "Zepto's engagement programme, Zepto Bloom for farmers launched'". Financialexpress. 2023-02-13. Retrieved 2023-08-03.
- ^ Saha, Soumyajit (2024-02-29). "Zepto launches membership programme for all users". The Economic Times. ISSN 0013-0389. Retrieved 2024-06-07.
- ^ "x.com". X (formerly Twitter). Retrieved 2024-06-07.
- ^ "Anand Mahindra | Zepto : Anand Mahindra isn't impressed with 10-min delivery, but gives Zepto boss a 'fair' chance to explain his POV". The Economic Times. Retrieved 2022-12-29.
- ^ Schmall, Emily; Singh, Karan Deep; Loke, Atul (2023-01-04). "Need an Onion? These Indian Apps Will Deliver It in Minutes". The New York Times. ISSN 0362-4331. Retrieved 2024-06-07.
- ^ Singh, Manish (2021-12-20). "Zepto, a 10-minute grocery delivery app in India, raises $100 million". TechCrunch. Retrieved 2023-08-03.
- ^ a b Sriram, M.; Sriram, M. (2023-08-25). "Zepto raises $200 million at $1.4 billion valuation, becomes first Indian unicorn in nearly a year". Reuters. Retrieved 2023-08-26.
- ^ "How two 19-year-old Stanford dropouts founded Zepto". Business Today. 2021-11-12. Retrieved 2022-12-29.
- ^ "x.com". X (formerly Twitter). Retrieved 2024-06-07.
- ^ Singh, Manish (2021-10-31). "India's Zepto raises $60M for its 10 minute grocery delivery app". TechCrunch. Retrieved 2022-12-29.
- ^ Singh, Manish (2021-12-20). "Zepto, a 10-minute grocery delivery app in India, raises $100 million". TechCrunch. Retrieved 2022-12-29.
- ^ Singh, Manish (2022-05-02). "Zepto, a 10-minute grocery delivery app, raises $200 million". TechCrunch. Retrieved 2022-12-29.
- ^ Cornish, Chloe (2023-08-25). "India's first 'unicorn' of 2023 boosts tech sector's hopes of funding revival". Financial Times. Retrieved 2023-08-26.
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.