PE Fund Investments
Quick commerce co. Zepto raises addnl $350-M from domestic investors
Mumbai-based quick commerce company Zepto has raised another USD 350 million in a funding round led by Motilal Oswal’s Private Wealth division , along with investments from Motilal Oswal AMC, Claypond Capital (Ranjan Pai of Manipal Group), Raamdeo Agarwal (promoter of Motilal Oswal), and family offices of the promoters of Mankind Pharma, RP Sanjiv Goenka Group, Cello, Haldiram Snacks, Sekhsaria, Kalyan, Happy Forgings, and Mothers Recipe (Desai Brothers). The round also saw participation from actor Abhishek Bachchan and Sachin Tendulkar.The round comes just three months after Zepto closed its extended capital infusion with an investment of USD 340 million at a USD 5 Billion valuation. The latest round takes the total fundraise this year to USD 1.35 Billion.
Between Jan 2021 and Aug 2024, Zepto had raised about USD 1.6 Billion from Contrary Capital, Dragon Capital, DST Global, Epiq Capital, General Catalyst Partners, Lightspeed Ventures, StepStone Group, Avenir Growth, DST Global, Glade Brook Capital, Goodwater Capital, Nexus Venture Partners, Y Combinator Continuity Fund, Breyer Capital, Rocket Internet and 2AM Ventures.
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