Zepto, a startup specializing in instant grocery delivery, has successfully secured $200 million in a recent funding round, elevating its valuation to $1.4 billion. This achievement is noteworthy considering the challenges faced by other companies in the same sector, many of which have struggled or folded. Zepto's funding round sets it apart as the first Indian startup to attain unicorn status in the current year. The Series E funding for Zepto was spearheaded by StepStone Group, a prominent limited partner (LP) with involvement in various venture funds, including Nexus Venture Partners. Notably, this marks StepStone Group's inaugural direct investment in India. Existing supporters such as Nexus, Glade Brook Capital, and Lachy Groom, along with Goodwater Capital, also participated in the funding round. Zepto's valuation has risen significantly since its previous funding round in May of the previous year, where it was valued at $900 million. Cumulatively, Zepto has raised a...