Resolut Partners and Khaitan & Co have guided lead investor Glade Brook Capital Partners and co-investor Lightspeed, respectively, on a $665 million investment into Indian e-commerce company Zepto.
The funding round values three-year-old Zepto at $3.6 billion, a sharp increase from its $1.4 billion valuation in August last year. This Series F round comes less than a year after the last fundraising round, underscoring the high demand for services that deliver essentials within minutes.
The latest round saw participation from New York-based Avenir Growth Capital and Lightspeed Venture Partners as well as a maiden investment from Avra Capital, a fund launched by former Y Combinator and Andreessen Horowitz investor Anu Hariharan.
Khaitan’s deal team was led by partners Nidhi Killawala and Srikant CV, with support from Ayushi Mishra and Ishaan Chopra. The team was also assisted by competition law partner Pranjal Prateek.
The Resolut team was led by managing partner Ruchir Sinha, and included associates Maseeh Yazdani and Shreejith R.
