Zepto, India’s leading quick-commerce startup, is in advanced talks to secure $100 million in its third funding round within six months. Here’s what you need to know about this fast-growing startup and its latest move.
New Funding Round: Zepto is raising $100 million from Indian family offices and high-net-worth individuals, marking its third funding round in six months. The funding is led by Motilal Oswal, an asset management giant.
Current Valuation: The new round values Zepto at $5 billion, the same valuation it received during its $340 million funding round in August.
Investor Involvement: Notable backers of Zepto include Avra, Lightspeed, Nexus, StepStone Group, YC Continuity, Glade Brook, and Contrary. Motilal Oswal has already secured commitments for over half of the allocation.
Zepto’s Growth Strategy: Zepto has seen significant growth in its annualized net run rate and plans to continue expanding. According to CEO Aadit Palicha, the company projects 150% growth over the next year.
Zepto’s impressive pace of funding and growth reflects the quick-commerce revolution taking place in India.