🛒 Zepto targets $100M from Indian investors
Zepto, a fast-growing Indian quick-commerce company, is in advanced talks to secure $100M in fresh investment. The Mumbai-based startup, which delivers groceries and office supplies within 10 minutes, is raising funds from Indian family offices and wealthy individuals. This new funding, led by Motilal Oswal, follows two rounds in the past six months. The latest investment maintains Zepto's $5B valuation. With previous investments totaling over $1B, Zepto remains well-positioned for growth, with plans to go public next year.
📈 Quick-commerce booming despite global trends
While many quick-commerce companies worldwide struggle, the model is thriving in India. Analysts estimate quick-commerce sales in India could exceed $6B this year. The rapid delivery model has pressured traditional e-commerce players like Flipkart, Myntra, and Nykaa to reduce delivery times. Even DMart, one of India’s largest brick-and-mortar retailers, has experienced business losses due to the growing popularity of quick commerce.
💼 Zepto’s investor base grows ahead of IPO
Zepto is expanding its domestic investor base in preparation for a public listing next year. Existing backers include Avra, Lightspeed, and YC Continuity, with Motilal Oswal overseeing the latest funding round. This shift toward local investors comes as Zepto’s rapid expansion is reshaping consumer behavior in India, creating opportunities for new categories and services.
🚀 Zepto projects massive growth
According to Zepto’s internal documents, the company is set to grow 150% in the next 12 months. This optimistic forecast highlights Zepto’s ambitious plans to capture even more market share. CEO Aadit Palicha revealed these projections to investors, underscoring the company's drive for rapid expansion in India’s competitive quick-commerce sector. With strong investor backing and continuous growth, Zepto is positioning itself as a dominant player in the market.
Will quick commerce continue to thrive in India?
