Quick commerce major Zepto is making headlines securing a whopping $350 million in funding, positioning as India's most-funded startup in the last three years.
The grocery delivery startup has secured $350 million in its third funding round this year, maintaining its $5 billion valuation. In 2024, it has raised over $1.3 billion reflecting the elevating demand for quick commerce services in India.
Its latest funding round was led by Motilal Oswal's Private Wealth division. The family offices of Mankind Pharma, RP Sanjiv Goenka Group, Haldiram Snacks, and eminent personalities including cricketer Sachin Tendulkar and actor Abhishek Bachchan, also participated in the round.
This milestone not only proves the company's growth and potential but also highlights the increasing interest of domestic investors in supporting homegrown businesses.
After the latest funding round, over 35 percent of Zepto is now owned by domestic investors, marking a significant shift towards indigenization in the Indian startup ecosystem.
Impressive Fundraising Achievements
In 2024 alone, Zepto has raised a total of $1.35 billion, positioning itself as a top player in the Indian tech scene. The company's aggressive fundraising strategy reflects its ambition to dominate the quick commerce space and expand its market presence. With plans for an upcoming IPO, Zepto is focused on increasing its domestic shareholding to establish its position as a truly Indian company and attract a wider base of local investors.
Strategic Investors and Shareholding Pattern
While the exact shareholding pattern post the recent fundraising is yet to be disclosed, Nexus Venture Partners currently holds the largest stake in Zepto at 18.6 percent, followed by Glade Brook Capital at 10.3 percent and The StepStone Group at 9.8 percent. These strategic investors play a crucial role in shaping Zepto's growth trajectory and providing the necessary resources to fuel its expansion plans.
Future Plans and Pre-IPO Round
According to Zepto's CEO Aadit Palicha, the company is poised to raise another pre-IPO round to further boost its domestic shareholding before going public. This strategic move not only strengthens Zepto's ties with local investors but also sets the stage for a successful stock market debut. Despite having foreign investors on board, Zepto is committed to maintaining a healthy balance between domestic and international stakeholders to drive sustainable growth and value creation.
Investing in India's Tech Future
By securing significant funding from domestic sources, Zepto is not only fueling its own growth but also contributing to the overall development of India's tech industry. With a strong focus on innovation, customer service, and operational excellence, Zepto is a leader in India's evolving e-commerce landscape.
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