Orios Venture Partners

The round also saw participation from new investors Enzia Ventures and ITI Growth Opportunities Fund, alongside existing backers Chiratae Ventures and Omidyar Network India.

FY24 marked a period of strong, broad-based growth for Zupee, with a 60% increase in its registered user base.

The fresh funds will fuel the startup's aggressive global expansion plans—scaling from 1,000 to 10,000 customers in the next 12–18 months and aiming to drive USD 200 million in gross merchandise value (GMV).

Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.