Zepto becomes India's newest unicorn startup

Zepto has became a unicorn startup after raising $200 million in funding at a valuation of more than $1 billion.

The round was led by StepStone Group, with participation from Goodwater Capital and existing investors.

Zepto operates an online grocery delivery platform across 11 cities in India and has seen 300% year-on-year growth in sales

The startup plans to become profitable and go public in the next two years