One of India’s three quick commerce giants, Zepto, is all set to raise somewhere in the neighbourhood of $450-$500 million in an upcoming funding round at a valuation of $7 billion, as per reports by CNBC TV-18. According to the reports, the talks over the next round of funding are currently underway. It’s worth noting that the company is looking to raise money at a 40% higher valuation than its 2024 value.
In the Indian quick commerce scene, the competition is cutthroat, especially between Zepto, Swiggy, and Zomato, the parent company of Swiggy. This fresh funding round will open up new opportunities for Zepto, which is the lowest valued among the big three. With reports indicating that Zepto is set to launch an IPO in the near future, this funding round will prove crucial for the company’s finances and valuation. According to sources, existing investors like General Catalyst and Evenir Growth will be leading the pack, while others will join on a pro rata basis.
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The last funding round Zepto conducted was in November 2024, when it raised $350 million at a valuation of $5 billion, led by Motilal Oswal’s private wealth division. Zepto also raised $665 million in June 2024 at a valuation of $3.6 billion. After which, the CEO of Zepto, Aadit Palicha, said, “When we started this venture, the risk appetite among domestic investors was limited, especially to trust 18-year-olds with their money. Today, we are humbled to have reached a place in India’s economic growth where we’ve not only fostered that trust but also spearheaded a fundraise of this magnitude, which will hopefully set a precedent for the startups that follow.”
