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Zepto raises $350m, plans IPO in 2025
Indian online grocery delivery company Zepto has successfully raised US$350 million in its latest funding round as it prepares for an IPO next year.
The round was led by Motilal Oswal with contributions from Indian family offices and individuals, maintaining a valuation of US$5 billion for the company.
Notable investors include Raamdeo Agrawal, the family offices of Mankind Pharma and RP-Sanjiv Goenka, as well as celebrities Amitabh Bachchan and Sachin Tendulkar.
Zepto aims to raise its Indian investor base as its foreign ownership exceeds two-thirds.
Recent Zepto developments
| Timeline |
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18-Nov-2024 🚀 Zepto to secure $300m in new funding: sources
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21-Jun-2024 🛒 Zepto gets $665m funding at $3.6b valuation, nears EBITDA profitability
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19-Apr-2024 🚚 Zepto declines Flipkart acquisition bid, aims to raise at $2.5b valuation: report
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25-Aug-2023 🚀 In 50 Words: Zepto secures $200m funding, becomes first Indian unicorn of 2023
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14-Feb-2022 💰 🇮🇳 Roundup: Instamart, Zepto to launch private label products
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