MapmyIndia invests Rs 25 crore in Zepto; valuation rises to $6.1B

Digital navigation company MapmyIndia has invested ₹25 crore in Zepto, valuing the quick commerce startup at $6.1 billion, according to a stock exchange filing on Thursday.

The deal includes buying 75,18,797 compulsorily convertible preference shares (CCPS) at ₹33.25 each, giving MapmyIndia a 0.049% stake in Zepto on a fully diluted basis. The cash transaction is expected to close within three months.

MapmyIndia, officially C.E. Info Systems Limited, said the investment is meant to boost the use of its mapping and location solutions in the fast-growing quick commerce sector. The deal marks an increase from Zepto’s earlier $5 billion valuation.

Read also- Zepto Enters Online Pharmacy with 10-Minute Medicine Delivery

Just last week, Zepto raised ₹7.5 crore ($0.9 million) from Elcid Investments, ahead of a larger funding round expected to value the company at $7 billion.

Zepto is finalising a $250 million secondary deal, with shares being sold by Motilal Oswal Financial Services. The sale aims to boost Indian ownership and streamline the company’s cap table before its planned public listing.

Zepto, founded in 2021, posted a turnover of ₹4,454.52 crore in FY24 but hasn’t shared its FY25 figures yet. MapmyIndia said its ₹25 crore investment in Zepto isn’t a related-party transaction and needs no regulatory approvals.

Advertisment

The company also invested ₹25 crore to raise its stake in IoT arm Gtropy Systems from 75.98% to 96%, strengthening its focus on fleet tech and telematics.

In Q1 FY26, MapmyIndia’s revenue from operations grew 21% to ₹122 crore from ₹101 crore in Q1 FY25, while profit rose 28% to ₹46 crore from ₹36 crore a year earlier.