Cashfree Payments assists 10 minute grocery delivery app Zepto to provide a secure and smooth checkout experience to customers
Bengaluru | November 2, 2022: Cashfree Payments, India’s leading payments and API
banking solutions company, is enabling Zepto, nation’s fastest growing e-grocery company,
to offer a secure and fast checkout experience to its customers using Cashfree Payments’
Payment Gateway.
Zepto, the 10-minute grocery delivery service, ensures quick and seamless deliveries of over
3000 products, ranging from fresh vegetables and fruits to daily necessities, across 10 major
cities in India – Mumbai, Bengaluru, Chennai, Delhi, Ghaziabad, Kolkata, Noida, Pune,
Hyderabad, and Gurgaon. Zepto is able to consistently deliver on-time through a combination
of technological and operational excellence.
Cashfree Payments’ Payment Gateway API has been integrated in Zepto’s mobile app to
enable a faster checkout experience for customers. Customers can select any preferred mode
of payments such as UPI, debit card, credit card, net-banking etc. supported by Cashfree
Payments. Zepto uses the UPI intent flow offered by Cashfree Payments’ Payment Gateway
core payments and banking infrastructure that powers the company’s products and is also
integrated with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google
Pay. Apart from India, Cashfree Payments products are used in eight other countries including
the USA, Canada and UAE.
About Cashfree Payments
Cashfree Payments is a leading payment and API banking solutions company. It provides full-
stack payments solutions enabling businesses in India to collect payments and make payouts
via all available methods with simple integration. Cashfree Payments’ offerings include an
advanced and easy way to integrate payment gateways, a split payment solution for
marketplaces, bank account verification API, and Auto Collect — a virtual account solution to
match inbound payments to customers. Founded by IIIT Hyderabad alumnus Akash Sinha
and IIT Kharagpur graduate Reeju Datta, http://www.cashfree.com is among the leading payment
service providers in India processing transactions worth USD 40 Billion annually. It has
leveraged technology to lead payment disbursals in India with more than 50% market share
among payment processors. Cashfree Payments enables more than 1,50,000 businesses
with payment collections, vendor payouts, wage payouts, bulk refunds, expense
reimbursements, loyalty and rewards. Apart from India, Cashfree Payments products are used
in eight other countries including the USA, Canada, and UAE. Cashfree Payments is backed
by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was
incubated by PayPal.
About Zepto
Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto is
India’s fastest growing e-grocery company valued at $900 Million following its recent Series-
D fundraise of $200M from marquee global investors including Y Combinator Continuity,
Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom.
Headquartered in Mumbai, Zepto is present across 10 major cities in the country, 1000+
employees strong, and delivering ~3,000 products, including fresh fruits and vegetables, daily
cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10
minutes. Through strong tech capabilities, an efficient business model, and a network of highly
optimised delivery centres across its 10 locations, the company is revolutionising the Indian
grocery segment currently pegged at $600 Billion, making it easier and convenient. Beyond
grocery, Zepto has also introduced a cafe offering that allows customers to order Coffee, Chai,
and other Café items, along with their groceries.
Media contacts:
Swagata Gupta | swagata.gupta@cashfree.com | 9820088951
Sinoj Sadanandan | sinoj.sadanandan@cashfree.com | 9619375635
Jyoti Tanwar | jyoti.tanwar@adfactorspr.com | 9819910523