Zepto to raise $300 million from domestic investors investors

This funding aims to bolster its position against rivals Zomato’s Blinkit and Swiggy’s Instamart.

The oversubscribed round includes top Indian family offices and ultra-high net-worth individuals (ultra-HNIs), reflecting strong confidence in the sector.

Zepto, which recently completed a $1 billion fundraising spree, is emerging as a formidable player in the rapidly growing quick commerce market.

Following this round, Indian ownership in Zepto is expected to increase to around 35%, including stakes held by founders Aadit Palicha and Kaivalya Vohra.

Sources revealed that the founders were granted an additional 1% equity for meeting key performance milestones.

Bollywood star Amitabh Bachchan and cricket legend Sachin Tendulkar are among the new investors, alongside prominent names like Ravi Jaipuria’s RJ Corp, Harsh Goenka’s RPG Group, and the Motilal Oswal Group, which raised its investment from $40 million to over $60 million.

“The round was oversubscribed, prompting Zepto to increase the total offering,” said a source familiar with the development.

The company is reportedly selling a 6% stake at a valuation of $5 billion.

Notable investors, including Ranjan Pai of the Manipal Group and Mankind Pharma’s Ramesh and Rajeev Juneja, are also participating in this round.

Zepto’s funding pitch highlighted its goal of increasing Indian ownership and fostering relationships with high-quality domestic investors in preparation for its IPO.

With a milestone of 1 million daily orders, Zepto remains the only large private player in quick commerce, standing apart from listed competitors Swiggy and Blinkit. Strengthening its Indian investor base marks a significant step toward its IPO aspirations.