The Times of India reports it. “It’s probably a category we’ll be excited about in the future,” said the founder of Zepto Aadit Palica told TOI.
“There will be a lot of innovation that needs to be done in space. This is something that we will focus on in the medium and long term and probably not in the short term,” he added.
The Covid-19 pandemic triggered consolidation in the Indian healthcare sector and saw the entry of major players such as
In April, Walmart-owned Flipkart launched a separate app, Flipkart Health +, for its healthcare business. The platform will operate on a market model, where third-party vendors will offer medicines and health products,
as we reported in April.
reported on March 31 that Flipkart had pumped $ 143 million into its healthcare unit. The company also named former Apollo Health executive Prashant Jhaveri as CEO of its healthcare business in March.
Founded by Stanford University dropouts Palicha and Kaivalya Vohra, Zepto launched its fast commerce service in April 2021. At the age of 17, Palicha created another startup, GoPool, a mobile application that helped parents in Dubai to find and schedule carpools for school.
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The Mumbai-based startup recently
closed a $ 200 million funding round Led by existing investors YC Continuity Fund, the growing fund managed by Silicon Valley’s famed Y Combinator accelerator.
Zepto’s valuation reached $ 900 million after the last round. This is a nearly 60% increase from the previous fundraiser in December last year, when it was valued at $ 570 million.
The startup has raised $ 360 million to date, including the latest round.
reported on February 15 that Zepto was planning to leverage private labels to improve margins and reduce money consumption.
Palicha said private labels will be available on the app in the next quarter or two. Meanwhile, she is pioneering a service to deliver coffee, tea and other bar items in 10 minutes to select areas of Mumbai.