Zepto pursues $100 million investment, marking third funding round in just 6 months

Zepto , a player in India’s quick commerce sector, is in advanced discussions to secure $100 million in fresh investment. This marks the third round of funding for the Mumbai-based startup in the past six months, as it aims to attract more domestic investors, according to media reports.

The startup specialises in delivering grocery items and office supplies to customers within a 10-minute window across various Indian cities. The new capital is expected to come from Indian family offices and high-net-worth individuals.

Motilal Oswal, an asset management firm that previously invested $40 million in Zepto, is overseeing the fundraising efforts. Notably, more than half of the funding allocation has already been secured.

This upcoming investment is set to value Zepto at $5 billion post-money, matching its valuation during a recent $340 million financing round concluded in August. Over the last six months, Zepto has successfully raised over $1 billion, all of which remains in its accounts.

Looking ahead, Zepto plans to go public next year and is keen on expanding its roster of domestic investors. Current backers include Avra, Lightspeed, Nexus, StepStone Group, YC Continuity, Glade Brook, and Contrary.

Zepto, which competes with Zomato -owned BlinkIt, Prosus-backed Swiggy ’s Instamart, and Tata’s BigBasket, has significantly increased its annualised net run rate in recent months. Co-founder and CEO Aadit Palicha informed investors in August that the company anticipates a 150 per cent growth trajectory over the next year.