Zepto, an Indian quick-commerce startup, has raised $350 million in its latest funding round, bringing its valuation to $5 billion.
The equity investment round was led by Motilal Oswal’s Private Wealth division, with participation from notable individuals such as Sachin Tendulkar and Abhishek Bachchan, as well as family offices including Mankind Pharma and Haldiram Snacks.
This marks Zepto’s third funding round in 2024, bringing its total fundraising for the year to over $1.3 billion.
Zepto intends to use the newly raised capital to fortify its financial foundation and accelerate its growth trajectory. The startup specializes in the quick-commerce sector, catering to major cities across India with ultra-fast delivery of groceries and essential items, often within just 10 minutes.
Zepto is also preparing for an initial public offering (IPO) in India, in the next financial year 2025-2026.