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

EntrackrEntrackr · 25d ago
Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation
Medial

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.

Zepto to raise $500 Mn at $7 Bn valuation: Report

EntrackrEntrackr · 1m ago
Zepto to raise $500 Mn at $7 Bn valuation: Report
Medial

Zepto to raise $500 Mn at $7 Bn valuation: Report Quick commerce firm Zepto is in advanced talks to raise $500 million in a new funding round led by existing backers General Catalyst, Avenir, and others, according to a Moneycontrol report. The round is expected to value the Mumbai-based startup at around $7 billion, a significant jump from its previous valuation of $5 billion when it raised $350 million in November 2024. In total, the Aadit Palicha-led company raised $1.35 billion in 2024. This development comes shortly after Zepto postponed its planned initial public offering (IPO) to 2026. The company had already completed its reverse flip to India in January this year. Zepto is currently prioritizing lower cash burn and stronger profitability ahead of its public listing. In response to rising operational costs, the company has temporarily shut down its food service arm, Zepto Cafe, in several smaller North Indian cities such as Agra, Chandigarh, Meerut, Mohali, and Amritsar. Zepto is also facing strong competition from rivals including Blinkit and Swiggy. According to an ICICI Securities report, Blinkit and Swiggy Instamart surged ahead in Q1 FY26, expanding gross order value by over 25% and 22%, respectively. The duo outperformed the overall quick-commerce sector’s sub-20% growth. In April, Palicha said the company is approaching an annualized Gross Order Value (GOV) of $4 billion. According to him, Zepto scaled from $1 billion to $3 billion in GOV within eight months, reflecting around 300% year-on-year growth and a 30% increase since January 2025. Recently, Palicha added that a majority of Zepto's dark stores are expected to become fully EBITDA-positive in the next quarter. Earlier this year, it closed a $665 million Series F round followed by a $340 million top-up, raising over $1 billion in 2024 alone. Zepto claims a majority of its dark stores have turned EBITDA positive, with deeper expansion planned across metros and Tier II/III cities. The upcoming funding is likely to support operational scale, enhance its tech stack, and sharpen its supply chain efficiencies. While earlier reports suggested a delayed IPO timeline, Zepto has clarified it is targeting a late-2025 to early-2026 window, contingent on market conditions. The company is also said to be aligning its cap table to include more domestic investors in preparation for a potential India listing. Founded in 2021, Zepto competes with Blinkit, Swiggy Instamart, and BigBasket in India’s fast-evolving quick commerce space.

Zepto in talks for $250 Mn secondary round

EntrackrEntrackr · 5m ago
Zepto in talks for $250 Mn secondary round
Medial

Zepto in talks for $250 Mn secondary round Quick commerce and foodtech firm Zepto is in talks for a $250 million secondary round, allowing existing stockholders to offload equity. The move aims to increase Indian investor ownership ahead of Zepto's planned IPO later this year. Bloomberg, which reported the development first, said that the private equity arms of Motilal Oswal Financial and Edelweiss Financial Services are in discussions to acquire shares in this secondary sale. The transactions are expected to take place at a valuation of over $5 billion. It’s worth noting that Zepto raised its last round worth $350 million at the same valuation ($5 billion), where Motilal Oswal was the lead investor. In 2024, the Aadit Palicha-led company raised $1.35 billion, bringing its total funding to $1.85 billion since its inception. Zepto delivers over 25,000 products across various categories within 10 minutes via its extensive network of dark stores. The firm operates more than 550 dark stores and processes upwards of 700,000 orders daily. Through a separate app, Zepto Cafe, it’s also one of the leading 10-minute food delivery service providers. As per TheKredible, Zepto’s revenue from operations surged 2.2X to Rs 4,454 crore in FY24 from Rs 2,026 crore in FY23. Meanwhile, the company managed to reduce its losses marginally by 2% during the same period. Earlier this year, Zepto shifted its domicile from Singapore to India, a move that will expedite the process of listing on the Indian stock exchange.

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