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Startups

Goldman Reports: Zepto’s Annualized Sales Skyrocket to $1.2B in Just 29 Months in India

Zepto Raises 200 Million 10 Minute Delivery

Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing the Zepto management. Zepto, which became a unicorn last year, counts YC Continuity, StepStone Group, Glade Brook Capital and Lachy Groom among its backers. “Overall EBITDA margin for Zepto is at negative single-digit percentage and the company is on track to break even at the EBITDA level within the next quarter. The company expects steady state contribution margin of 12%, with steady state EBITDA margin of 7%,” the report added. Zepto believes it can expand into 40-50 cities over time,” the report added.

Max Chen
April 4, 2024

CES, Robotics & AI

Jesse Lyu from Rabbit Makes a Leap to StrictlyVC LA, Landing on Leap Day

We’re announcing an exciting addition to our speaker lineup for StrictlyVC Los Angeles on February 29. Lyu is an entrepreneur renowned for his work in human-machine interaction. With rabbit, he leads a team dedicated to crafting intuitive experiences that redefine the way we interact with technology. Faraz Fatemi, partner at Lightspeed Venture PartnersFaraz joined Lightspeed as a Partner in 2022 and is focused on investments in consumer platforms. If you’re interested in learning how your brand can partner with StrictlyVC, head to our sponsorship form and someone from the team will respond shortly.