Kaiser Permanente backed the India-based rapid delivery challenger as it squares up against bigger rivals.

Just six months after emerging from stealth mode, Zepto, the Indian 10-minute grocery delivery already has a valuation close to $900m, after a raising  $200m in series D funding from investors including healthcare provider Kaiser Permanente, TechCrunch reported.

Y Combinator’s Continuity Fund led the round, which also included Nexus Venture Partners, Contrary Capital, Glade Brook Capital and private investor Lachy Groom.

Coming out of stealth mode in November last year, Zepto has grown into a serious competitor in India’s bustling…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.