Zepto raises fresh funds from Elcid at $5 Bn valuation

Quick commerce platform Zepto has raised Rs 7.5 crore from non-banking finance company (NBFC) Elcid Investments.

Zepto said this new investment will give the company a valuation of over $5 billion, just like in the previous round.

According to the filing, Elcid Investment will buy 22,55,639 Zepto shares at ₹33.23 each, giving it a 0.039% stake in the company.

Read also- Sharpsell.ai raises Rs 30 Cr in Series A led by Equentis Angel Fund

Zepto’s revenue grew steadily, reaching ₹11,110 crore in FY25—up 2.5x from ₹4,454.5 crore in FY24 and more than double its ₹2,024.4 crore turnover in FY23. 

The company also shifted its base from Singapore to India, though its planned IPO is now expected in FY26.

Elcid Investments Limited is an RBI registered NBFC focused on investing in shares, debentures, mutual funds and other financial instruments.

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Zepto is a quick-commerce platform offering 10-minute grocery delivery, founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra. It operates across several Indian cities, delivering fresh produce, daily essentials, and more.