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Zepto scoops up $350 million more from family offices, HNIs to boost domestic shareholding

Economic Times

Economic Times · 8m ago

Zepto scoops up $350 million more from family offices, HNIs to boost domestic shareholding

Zepto, a quick commerce firm, has raised $350 million in funding from Indian high net-worth individuals, family offices, and financial institutions. This brings Zepto's total funding to $1 billion, which it intends to use to compete with rivals like Zomato's Blinkit and Swiggy Instamart. The funding was led by Motilal Oswal's private wealth division, with participation from notable investors such as Amitabh Bachchan and Sachin Tendulkar. Zepto has achieved a milestone of one million daily orders and is expanding its dark stores network.

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Zepto set to raise $300 million to boost domestic shareholding amid quick commerce battle

Economic Times

Economic Times · 9m ago

Zepto set to raise $300 million to boost domestic shareholding amid quick commerce battle

Quick commerce startup Zepto plans to raise $300 million from domestic investors, doubling its initially planned $150 million round. The capital infusion will come from top family offices and ultra-high-net-worth individuals, increasing Indian shareholding in Zepto to around 35%. Celebrities like Amitabh Bachchan and Sachin Tendulkar are also joining the funding round. Zepto, which recently surpassed 1 million daily orders, aims to strengthen its relationships with high-quality domestic investors before beginning the IPO process. The company has already raised $1 billion in previous funding rounds.

Motilal Oswal, Raamdeo Agrawal Buy $100 Million Zepto Shares; Another $250 Million Round Planned

OutlookIndia

OutlookIndia · 3m ago

Motilal Oswal, Raamdeo Agrawal Buy $100 Million Zepto Shares; Another $250 Million Round Planned

Motilal Oswal and Raamdeo Agrawal purchased $100 million worth of Zepto shares, aiming to boost Indian ownership before its planned IPO. The shares were bought in a secondary transaction from foreign investors. Additionally, a $250 million funding round is in progress, involving entities like Edelweiss and Hero FinCorp, bringing total transactions to $350 million. This aligns with Zepto's goal to exceed 50% domestic shareholding, enhancing its valuation set at $5 billion.

Ranjan Pai, Cipla family eye stake in Zepto; startup moves NCLT to shift domicile

Economic Times

Economic Times · 9m ago

Ranjan Pai, Cipla family eye stake in Zepto; startup moves NCLT to shift domicile

Zepto, a quick-commerce firm backed by General Catalyst and Nexus Venture Partners, is reportedly seeking funding from family offices and high-net-worth individuals (HNIs) to raise up to $150 million. The company aims to build Indian ownership and strengthen relationships with domestic investors before initiating an IPO process. Additionally, Zepto's parent company, Kiranakart, has filed an application to move its holding company from Singapore to India. The move comes amidst the rapid growth of the quick-commerce sector, which has raised concerns about operating models and ownership structures of such firms.

Zepto mops up another $350 mn in an entirely domestic funding round

VCCircle

VCCircle · 8m ago

Zepto mops up another $350 mn in an entirely domestic funding round

Indian quick commerce startup, Zepto, has raised $350 million in its latest funding round from domestic investors, including family offices and financial institutions. The funding brings Zepto's total capital raised to over $1.35 billion. Notable participants in the round include Motilal Oswal AMC, Abhishek Bachchan, and Sachin Tendulkar. Zepto operates a network of micro-warehouses to deliver groceries and essentials to customers in minutes. The company previously raised $340 million in a funding round led by General Catalyst. Zepto's valuation now stands at $5 billion.

Zepto nears $350M secondary share sale to increase domestic ownership

YourStory

YourStory · 3m ago

Zepto nears $350M secondary share sale to increase domestic ownership

Zepto, a quick commerce unicorn, is nearing a $350 million secondary share sale, valuing it at approximately $5 billion. A major domestic entity has committed $100 million, while additional funding will come from family offices and mutual funds. This transaction allows foreign investors to exit partially. Indian ownership aims to increase beyond 50% before Zepto's IPO, boosting its ability to run an inventory model. Founders have secured Rs 1,500 crore to enhance their holdings.

Zepto weighs Indian AIF, founder buyback to up local ownership

Economic Times

Economic Times · 5m ago

Zepto weighs Indian AIF, founder buyback to up local ownership

Zepto is exploring options to increase its domestic shareholding before a potential IPO. These include a founder-led buyback and setting up an Indian AIF to shift foreign shares. This strategy aims to boost domestic ownership and prepare for a secondary funding round. The founders currently hold 28% of the company. Zepto plans to file its IPO draft confidentially, despite unstable public markets, targeting EBITDA profitability sooner than FY26, and expanding its Esop pool.

Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO

Entrackr

Entrackr · 3m ago

Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO

Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO: Report Quick commerce platform Zepto is reportedly finalising a Rs 1,500 crore ($175 million) structured debt deal with Edelweiss Alternative Asset and other investors. According to an ET report, the funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of Zepto’s planned IPO. Zepto is expected to file its IPO draft papers in mid-2025. The company has already secured approvals to shift its base from Singapore to India. Edelweiss is expected to underwrite about half of the loan, while other domestic family offices and credit funds are expected to contribute the remaining Rs 750 crore. The deal will value Zepto at around $5 billion, matching its last equity fundraising round when it raised $350 million, led by Motilal Oswal Private Wealth, in November last year. The report added that founders Aadit Palicha and Kaivalya Vohra’s stake will rise from 18% to around 20%, while overall domestic shareholding could exceed 30%, aligning with Indian foreign direct investment rules. Zepto is also close to completing a $250 million secondary share sale involving private equity firms like Motilal Oswal. In a recent development, Palicha disclosed that the Mumbai-based firm is also close to hitting an annualized Gross Order Value (GOV) of $4 billion.

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.

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Economic Times

Economic Times · 9m ago

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Early-stage venture capital firm Inflexor announced the first close of its Opportunities Fund at Rs 280 crore, out of the targeted Rs 350 crore. The fund has attracted investments from HDFC AMC Select AIF FoF I Scheme and other domestic limited partners, including HNIs, family offices, corporates, and institutions. Inflexor aims to achieve the final close by the end of the month. The fund will be used to acquire the entire investment portfolio of the firm's first fund and increase stakes in existing portfolio companies. Inflexor has already invested in companies like Kale Logistics, Atomberg, and PlayShifu.

Cornerstone Ventures marks first close of $200 mn fund

VCCircle

VCCircle · 7m ago

Cornerstone Ventures marks first close of $200 mn fund

Cornerstone Ventures, a venture capital firm focused on the SaaS sector, marked the first close of its second fund, aiming for $200 million, with $40 million in commitments from domestic investors like HNIs and family offices. Suresh Pareek of Sukvi Ventures joined as a general partner, aiding the fund’s growth. Established in 2018, Cornerstone primarily invests in B2B technology opportunities and plans to deploy the fund across various sectors, making 15-20 investments.

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