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Quick commerce startup Zepto raises fresh funds, valuation jumps by 2.6X

VCCircle

VCCircle · 1y ago

Quick commerce startup Zepto raises fresh funds, valuation jumps by 2.6X

Quick commerce startup Zepto has raised $665 million in a recent funding round, increasing its valuation by more than 2.6 times. The round was co-led by Glade Brook, Nexus, and StepStone, and included participation from existing investors Goodwater and Lachy Groom, as well as new investors such as Avenir, Lightspeed, and Avra. Zepto plans to use the funding to expand its operations and aims to double its dark stores to over 700 by the end of the current financial year. The company has achieved $1 billion in gross merchandise value and the majority of its stores are operating with positive EBITDA.

Related News

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation

Entrackr

Entrackr · 1m ago

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment at a valuation of Rs 19,231 crore ($2.26 billion), according to its stock exchange filing. This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others. As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039% equity stake in the company. According to Entrackr’s estimates, Zepto is now valued at Rs 19,231 crore (approximately $2.26 billion), reflecting a 50% drop from its previous $5 billion valuation during its $340 million fundraise in August last year. Zepto’s total turnover surged 2.5X to Rs 11,110 crore in FY25, up from Rs 4,454.5 crore in FY24. In FY23, the company reported a turnover of Rs 2,024.4 crore, marking a consistent doubling of revenue each fiscal year. Zepto recently completed its shift in domicile from Singapore to India as part of its preparations for a public listing, which has now reportedly been deferred to FY26. Zepto competes with other major quick commerce platforms, including Eternal-owned Blinkit, which reported Rs 2,400 crore in revenue for Q1 FY26, surpassing Eternal’s food delivery business. Meanwhile, rival Swiggy Instamart is yet to file its Q1 FY26 financials.

General Catalyst leads $340 mn funding in Zepto as valuation soars

VCCircle

VCCircle · 12m ago

General Catalyst leads $340 mn funding in Zepto as valuation soars

Indian quick commerce startup Zepto has raised $340 million in a funding round led by General Catalyst, bringing its valuation to $5 billion. The funds will be used to strengthen Zepto's balance sheet as the company continues to experience robust growth. This funding round comes just two months after Zepto raised $665 million in a funding round co-led by Glade Brook, Nexus, and StepStone. Zepto operates a network of micro-warehouses and provides home delivery of groceries and essentials within minutes. The company faces competition from players like Swiggy's Instamart and Zomato's Blinkit.

Zepto set to raise fresh funds; Flipkart-backed Shadowfax mulls IPO

VCCircle

VCCircle · 1y ago

Zepto set to raise fresh funds; Flipkart-backed Shadowfax mulls IPO

Zepto, a Mumbai-based quick-commerce firm, is reportedly raising $310 million in fresh funding, which will increase its valuation to $5 billion. This comes on the heels of a previous funding round just over a month ago where the company raised $665 million. Zepto's total funding is nearing $1 billion. In related news, Flipkart-backed logistics startup Shadowfax is exploring the possibility of an IPO.

Unicorn startup Zepto raises another $31.25M in Series E round

IndianStartupNews

IndianStartupNews · 1y ago

Unicorn startup Zepto raises another $31.25M in Series E round

Mumbai-based quick commerce startup Zepto has raised $31.25 million in a Series E funding round led by Goodwater Capital and Nexus Venture Partners. Zepto plans to go public by 2025 and became a unicorn after raising $200 million in funding. The startup promises to deliver groceries in under 10 minutes and currently holds about 20-21% market share in the quick commerce sector. However, Zepto's financial numbers show significant growth in revenue but also indicate high net losses, posing challenges for achieving profitability.

Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million

Economic Times

Economic Times · 10m ago

Zepto in talks with Indian family offices like Motilal Oswal to shore up another $100-150 million

Indian quick commerce firm Zepto is in discussions to raise $100-150 million from domestic family offices and high-net-worth individuals. This fundraising round would value the company at $4.6 billion. Zepto recently raised $340 million, bringing its valuation to $5 billion. Motilal Oswal Asset Management has already committed $40 million to the funding round. The additional funds would bring Zepto's total raised capital to over $1.5 billion in just four months, highlighting the strong interest in the company and the quick commerce sector. Zepto faces competition from Swiggy Instamart and Blinkit.

Flipkart's majority stake talks with Zepto fall through

Economic Times

Economic Times · 1y ago

Flipkart's majority stake talks with Zepto fall through

Flipkart, one of India's leading ecommerce companies, reportedly held talks with Zepto for a potential deal. However, the discussions did not progress and are unlikely to be revived. Zepto, a major player in the quick-commerce sector, has opted for a financial round instead of a strategic sale. The startup is currently in discussions with private equity funds for a fresh funding round, which is expected to value the company at around $2.5 billion. Flipkart was interested in acquiring a majority stake in Zepto, but the talks did not proceed.

How much money has Zepto, founded by two dropouts at age 19, raised so far?

Inshorts · 1y ago

How much money has Zepto, founded by two dropouts at age 19, raised so far?

Quick commerce startup Zepto, founded by Stanford dropouts Aadit Palicha and Kaivalya Vohra at age 19, raised $60 million in October 2021. Later in December 2021, it raised $100 million in Series C, followed by $200 million in May 2022. Zepto became a unicorn in 2023 after raising $235 million. It has now raised $665 million at $3.6 billion valuation.

Zepto eyes $250 mn from HNIs, wealth firms at flat valuation

Livemint

Livemint · 9m ago

Zepto eyes $250 mn from HNIs, wealth firms at flat valuation

Quick commerce startup Zepto is reportedly seeking to raise about $250 million from high-net-worth individuals and wealth management firms at a valuation of $5 billion. The Mumbai-based company, which plans to go public next year, aims to balance its captable ahead of its IPO. Zepto recently raised $340 million in a funding round led by General Catalyst, and in a pre-IPO round, it secured $665 million. The company is expanding its network of dark stores and its Zepto Café service to compete with food delivery platforms like Swiggy and Zomato in the quick-commerce sector.

Zepto eyes capital raise; KKR in talks with Torrent for JB Pharma stake sale

VCCircle

VCCircle · 1y ago

Zepto eyes capital raise; KKR in talks with Torrent for JB Pharma stake sale

Quick commerce startup Zepto is reportedly in talks to raise over $300 million in funding from global investors to support its expansion plans. The Mumbai-based company, which currently has a valuation of $1.4 billion, aims to reach a valuation target of $2.5-3 billion. Zepto aims to achieve EBITDA positivity by September. In other news, private equity firm KKR is reportedly in discussions with Torrent Pharmaceuticals for a potential stake sale in JB Pharma.

Grapevine: Zepto, Quadria, TPG, Mensa Brands in news

VCCircle

VCCircle · 10m ago

Grapevine: Zepto, Quadria, TPG, Mensa Brands in news

Quick-commerce startup Zepto is reportedly in discussions to secure $100-150 million in funding from domestic family offices and high-net-worth individuals. The pre-investment valuation for Zepto is set at $4.6 billion. Meanwhile, Motilal Oswal Group's private wealth arm is leading the fundraising efforts, with Motilal Oswal Asset Management committing $40 million. This development was reported by The Economic Times.

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