Quick-commerce startup Zepto announced it has raised $200 million at a valuation of $1.4 billion. With this, Zepto has become the first Indian startup to achieve unicorn status this year. StepStone Group led the funding round with participation from Goodwater Capital and Nexus Venture Partners. Zepto was founded by 20-year-old Stanford dropouts Aadit Palicha and Kaivalya Vohra in 2021.