Zepto has Secured Another $350 Mn From Domestic Investors

Zepto, the quick commerce leader, has raised $350 million from domestic investors at a $5 billion valuation.

Investor of the round

The funding round was led by Motilal Oswal’s Private Wealth division and aims to attract more Indian investors ahead of Zepto’s upcoming IPO.

This marks the largest fully domestic fundraise in India’s startup ecosystem, with contributions from prominent high-net-worth individuals (HNIs), family offices, and financial institutions. 

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Key investors include Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Cello Family Office, Haldiram Snacks Family Office, Sekhsaria Family Office, Kalyan Family Office, Happy Forgings Family Office, and Mothers Recipe Family Office (Desai Brothers). Notable HNIs like Abhishek Bachchan and Sachin Tendulkar also participated.

Zepto has raised nearly $1.6 billion in just 15 months to prepare for its expected stock market debut next year. This funding comes as competition in the fast-growing quick commerce sector continues to heat up.

Ashish Shanker, MD and CEO, Motilal Oswal Private Wealth said, “Motilal Oswal is a strong believer in the future of digital businesses, particularly quick commerce players like Zepto, as potential free cash flow powerhouses. India’s biggest and marquee family office clients of Motilal Oswal Private Wealth share this excitement and have participated in this once-in-a-lifetime journey of value creation,”.

About Zepto

Zepto, founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra, is India’s fastest-growing e-grocery company. It is valued at $1.4 billion after raising $200 million in its recent Series-E funding from top global investors like StepStone Group, Goodwater Capital, Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom.

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