Zepto is a fast-moving startup that offers superfast delivery of groceries and everyday necessities. Devendra Meel has been promoted to Chief Business Officer (CBO). With effect from July 2024, Devendra will now be in charge of overseeing several product categories (such as grocery, snacks, etc.) and forging solid brand alliances.
Success is nothing new to Devendra! He oversaw unique projects at other well-known companies including Zomato and Reliance Jio before to joining Zepto a year ago. He has been a pivotal figure at Zepto, helping to construct Zepto Pass from the ground up in addition to expanding their advertising revenue to hundreds of crores (millions of rupees). Currently, this membership programme has more than 5 million members!
Aadit Palicha, CEO of Zepto, emphasised Devendra’s elevation as evidence of the company’s dedication to elevating skilled individuals from within. Following Zepto’s recent $665 million fundraising round, which valued the business at an astounding $3.6 billion, comes this report. According to reports, they may soon be looking to raise even more money!
Other well-funded competitors in the fast commerce market, such as BlinkIt and Swiggy Instamart, pose a serious threat to Zepto. Zepto appears well-positioned to continue expanding and provide consumers with lightning-fast convenience under Devendra’s direction and with their most recent round of funding.
