Zepto Raises $350 Mn In All-domestic Funding Round Ahead Of IPO
Zepto has raised USD 1.6 billion in funding over the past 15 months, strengthening its financial position ahead of its IPO next year
Quick commerce player Zepto has raised USD 350 million in its latest funding round at a valuation of USD 5 billion, according to media reports. The funding, led by Motilal Oswal’s Private Wealth division, is aimed at attracting domestic investors as the company gears up for its initial public offering (IPO).
As per media reports, the round marks a significant milestone as the largest 100 per cent domestic fundraise in India’s startup ecosystem. Investors include high-net-worth individuals (HNIs), family offices, and financial institutions such as Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, and RP Sanjiv Goenka Group, alongside Haldiram Snacks, Cello, and others. Celebrities like Abhishek Amitabh Bachchan and Sachin Ramesh Tendulkar also participated.
Zepto has raised USD 1.6 billion in funding over the past 15 months, strengthening its financial position ahead of its IPO next year. According to media reports, the company competes in the increasingly competitive quick commerce space against Blinkit, Swiggy Instamart, and BigBasket.
Co-founder and CEO Aadit Palicha highlighted the journey, stating, “When we started, the risk appetite among domestic investors was limited. Today, we are humbled to lead a fundraise of this magnitude, which sets a precedent for other startups.”
As per media reports, Zepto’s focus on scaling operations includes reaching 700 dark stores and expanding its Zepto Café services to major cities. This round follows a USD 340 million follow-on financing at the same valuation in August and a USD 665 million Series F round in June, when it was valued at USD 3.6 billion.
