Quick commerce leader Zepto has raised $350 million in its latest funding round, pushing its valuation to an impressive $5 billion, according to recent media reports. This funding, led by Motilal Oswal’s Private Wealth division, marks a strategic effort to attract domestic investors as the company prepares for its highly anticipated initial public offering (IPO).
Largest Domestic Fundraise in Indian Startup Ecosystem
The latest investment round stands out as the largest 100% domestic fundraise in India’s startup history. Key investors include prominent high-net-worth individuals (HNIs), family offices, and financial institutions such as:
- Raamdeo Agarwal
- Taparia Family Office
- Mankind Pharma Family Office
- RP Sanjiv Goenka Group
- Haldiram Snacks
- Cello
Notably, celebrities like Abhishek Bachchan and Sachin Tendulkar also participated, underscoring widespread interest in Zepto’s growth story.
Strengthening Financial Position for IPO
Over the past 15 months, Zepto has successfully raised $1.6 billion, positioning itself strongly against competitors like Blinkit, Swiggy Instamart, and BigBasket. The fresh capital infusion enhances its financial stability as it gears up for its IPO next year.
Aadit Palicha, Co-founder and CEO, commented on the milestone:
“When we started, the risk appetite among domestic investors was limited. Today, we are humbled to lead a fundraise of this magnitude, setting a precedent for other startups.”
Operational Expansion Plans
Zepto’s strategic roadmap includes scaling its operations to 700 dark stores and expanding its Zepto Café services across major Indian cities. This move is aimed at capturing a larger market share in the fast-growing quick commerce sector.
The latest funding follows:
- $340 million follow-on financing in August
- $665 million Series F round in June, where the company was valued at $3.6 billion
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