zepto: instant grocery delivery start-up Zepto explores pharmacy delivery service

New Delhi: Fast-paced commerce startup Zepto may launch an online pharmacy delivery service, the
Times of India reported. “It’s probably a category that we’ll be very excited about in the future,” Zepto founder Aadit Palicha told TOI.

“There’s going to be a lot of innovation to be done in the space. It’s something we’ll be focusing on in the medium to long term and probably not in the short term,” he added.

The Covid-19 pandemic has triggered consolidation in the Indian healthcare sector and has seen the entry of big players such as

and the Tata group, which took over Netmeds and
1mgrespectively.

In April, Walmart-owned Flipkart launched a separate app, Flipkart Health+, for its healthcare business. The platform will operate on a marketplace model, where third-party sellers will offer medicines and healthcare products, as we reported in April.

ET reported on March 31 that Flipkart injected $143 million into its healthcare unit. The company also named former Apollo Health executive Prashant Jhaveri as chief executive of its healthcare business in March.

Founded by Stanford University high school dropouts Palicha and Kaivalya Vohra, Zepto launched its fast trading service in April 2021. At the age of 17, Palicha created another startup, GoPool, a mobile app that helped parents in Dubai to find and schedule carpools to school.

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The Mumbai-based startup recently closed a $200 million funding round led by existing investors YC Continuity Fund, the growth-stage fund run by renowned Silicon Valley accelerator Y Combinator.

Zepto’s valuation reached $900 million after the last round. This is a nearly 60% jump from the previous fundraising in December last year, when it was valued at $570 million.

The startup has raised $360 million to date, including the latest round.

ET reported on Feb. 15 that Zepto plans to leverage private labels to improve margins and reduce cash burn.

Palicha said private labels will be available on the app within the next one or two quarters. Meanwhile, he is piloting a service to deliver coffee, tea and other cafe items within 10 minutes in certain areas of Mumbai.

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