Zepto Eyes $100M in Third Funding Round

Zepto, India’s leading quick-commerce startup, is in advanced talks to secure $100 million in its third funding round within six months. Here’s what you need to know about this fast-growing startup and its latest move.

• New Funding Round: Zepto is raising $100 million from Indian family offices and high-net-worth individuals, marking its third funding round in six months. The funding is led by Motilal Oswal, an asset management giant.

• Current Valuation: The new round values Zepto at $5 billion, the same valuation it received during its $340 million funding round in August.

• Investor Involvement: Notable backers of Zepto include Avra, Lightspeed, Nexus, StepStone Group, YC Continuity, Glade Brook, and Contrary. Motilal Oswal has already secured commitments for over half of the allocation.

• Industry Impact: E-commerce giants like Flipkart, Myntra, and Nykaa are responding to Zepto's rapid delivery model by trying to shorten their own delivery times.

• Zepto’s Growth Strategy: Zepto has seen significant growth in its annualized net run rate and plans to continue expanding. According to CEO Aadit Palicha, the company projects 150% growth over the next year.

Zepto’s impressive pace of funding and growth reflects the quick-commerce revolution taking place in India.