Zepto Becomes First Indian Unicorn in Nearly a Year, Raises $200 Million Funds

Indian grocery startup Zepto said on Friday it has raised $200 million (nearly Rs. 1,650 crore) in fresh funding at a valuation of $1.4 billion (nearly Rs. 11,560 crore), making it the first startup in the country to cross the billion-dollar valuation mark in nearly a year.

Zepto said it raised the funds “in the midst of the deepest downturn in capital markets in over a decade” from US-based investment firms StepStone Group and Goodwater…