Y Combinator on LinkedIn: Letter AI (YC S23) has raised $2.7M in a seed round and is nearing $1M in… | 44 comments
Summary
On track to exceed $1 billion in GMV, Zepto sells and delivers everything from groceries to electronics to consumers in urban Indian cities in just 10 minutes. Using a network discreet warehouses, known as dark stores, throughout urban India, they can fulfill orders within minutes of purchase. The company now plans to expand its dark store network to 700 locations by March 2025. The duo who had previously worked on a number of projects, including a ride-hailing commute app for school kids, and dropped out of Stanford two years ago took Zepto out of stealth mode in late November 2021. The company has seen its revenue grow by 140% compared to the previous year and believes itll be ready to go public relatively soon.
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$1M to $5M