Zepto is set to raise $300 million or about Rs 2,500 crore from domestic high net worth individuals and family offices as it aims to strengthen its war chest in the increasingly competitive quick-commerce scenario.
The company plans to raise about Rs 2,500 crore at the same $5 billion valuation it raised over a $1 billion in 2024. Family offices like Motilal Oswal's Raamdeo Agrawal and Manipal Group's Ranjan Pai are set to take part in the round, according to people close to the development.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The domestic interest also comes at a time when another major internet company, Swiggy, has gone public. Increased domestic shareholding for Zepto could also mean easier compliance processes when it plans to list on the bourses.
The fresh funding comes at the heels of Zepto expanding to 10 new cities this year, with Ahmedabad, Jaipur, and Chandigarh on the horizon. The company is also going to continue doubling down in its existing markets, where it has already proven high degrees of profitability, continuing to grow the business to over Rs 10,000 crore in sales.
Zepto is currently expanding its dark store network from 350 stores to 700 stores by reinvesting the capital generated from mature stores back into the business.
The fresh investment could see the company increase its store count beyond 700 as well, given the renewed bullishness from incumbents Swiggy Instamart and Zomato's Blinkit, as well as newer entrants like BigBasket Now and Flipkart's Minutes.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.