Sunday, July 21, 2024
HomeLaw firmsDeals and TransactionsKhaitan & Co led Lightspeed Advisors on Investment in Zepto's Series F...

Khaitan & Co led Lightspeed Advisors on Investment in Zepto’s Series F Round, Valued at $3.6 Billion

Khaitan & Co advised Lightspeed on their involvement in Zepto’s Series F funding round
The consumer internet firm announced raising $665 million, valuing it at $3.6 billion, following a previous round nine months earlier where $235 million had been raised at a $1.4 billion valuation.
The deal was led by Nidhi Killawala and Srikant C V with support from Ayushi Mishra and Ishaan Chopra. The team was also assisted by Pranjal Prateek (Competition Law).
New investors Avenir, Lightspeed, and Avra joined, alongside existing investors Glade Brook, Nexus, and StepStone co-leading the round, with Goodwater and Lachy Groom increasing their investments.

Aadit Palicha, Co-founder & CEO, highlighted that Company’s stores are turning profitable faster, enabling rapid growth and near EBITDA positivity at a company-wide level.

Palicha outlined Zepto’s strategy to double its store count from 350 to 700 by reinvesting capital generated from mature stores into the business while maintaining fiscal discipline. He expressed confidence that achieving these milestones, coupled with a continued focus on customer satisfaction, would position Zepto favorably for a potential public offering in the near future.

Share your news, articles, deals, columns, or press releases with us! Click the link to submit and join our platform today.


Please enter your comment!
Please enter your name here

Most Popular

Recent Comments