Zepto

Zepto has raised significant capital across multiple funding rounds, most recently securing $350 million in November 2024, led by Motilal Oswal Private Wealth division, at a $5 billion valuation. Founded in 2021, Zepto specializes in delivering groceries and daily essentials rapidly through its online platform.

What Is Zepto?

Founded by Aadit Palicha and Kaivalya Vohra, Zepto is an India-based e-grocery company headquartered in Parel, Maharashtra. The company delivers groceries, daily essentials, snacks, and even electronics, aiming to provide a seamless shopping experience with ultra-fast delivery.

Zepto operates a dark store model and has a workforce of 501–1,000 employees. Its platform serves retail, food & beverage, and logistics sectors, offering users a convenient, reliable, and fast shopping solution. The company’s focus on speed and operational efficiency has positioned it as a leading player in India’s online grocery space.

How Much Funding Has Zepto Raised?

1. Seed Round
   • Amount Raised: $0.5M
   • Date: September 2020
   • Lead Investors: Contrary
   • Motivation: To launch the platform.
2. Series A
   • Amount Raised: $6.5M
   • Date: March 2021
   • Lead Investors: Nexus Venture Partners
   • Motivation: To expand the team.
3. Series B
   • Amount Raised: $60M
   • Date: October 2021
   • Lead Investors: Glade Brook Capital
   • Motivation: To enhance logistics capabilities.
4. Series C
   • Amount Raised: $100M
   • Date: December 2021
   • Lead Investors: Y Combinator Continuity Fund
   • Motivation: To improve technology infrastructure.
5. Series D
   • Amount Raised: $200M
   • Date: May 2022
   • Lead Investors: Y Combinator Continuity Fund
   • Motivation: To scale operations.
6. Series E
   • Amount Raised: $231M
   • Date: August 2023
   • Lead Investors: StepStone Group
   • Motivation: To strengthen market position.
7. Series F
   • Amount Raised: $31.3M
   • Date: November 2023
   • Lead Investors: Goodwater Capital, Nexus Venture Partners
   • Motivation: For operational improvements.
8. Series G
   • Amount Raised: $665M
   • Date: June 2024
   • Lead Investors: Glade Brook Capital, Nexus Venture Partners, StepStone Group
   • Motivation: To prepare for IPO.
9. Series H
   • Amount Raised: $340M
   • Date: August 2024
   • Lead Investors: General Catalyst, Mars Growth Capital
   • Motivation: To bolster finances pre-IPO.
10. Series I
    • Amount Raised: $350M
    • Date: November 2024
    • Lead Investors: Motilal Oswal Private Wealth Division
    • Motivation: To expand the dark store network.

Total Funding Raised: $2.48 Billion

Current Valuation: $5 Billion (as of November 2024)

Latest Funding Date: November 2024

Key Investors

Motilal Oswal Private Wealth Division

1. Details: Focuses on digital businesses and quick commerce.
2. Investment Focus Areas: Technology, e-commerce, high-growth startups.
3. Notable Investments: Zepto, Beyond Meat, Olly.

RP Sanjiv Goenka Group

1. Details: Indian conglomerate with diverse sector investments.
2. Investment Focus Areas: Retail, infrastructure, and consumer services.
3. Notable Investments: Zepto, Medium, Flipkart.

Mankind Pharma Family Office

1. Details: Invests in healthcare and high-growth sectors.
2. Investment Focus Areas: Pharmaceuticals, consumer health, and startups.
3. Notable Investments: Zepto, Ola, HealthifyMe.

Haldiram Snacks Family Office

1. Details: Supports food tech and consumer goods companies.
2. Investment Focus Areas: F&B, food technology, retail.
3. Notable Investments: Zepto, Zomato, Swiggy.

Sachin Tendulkar

1. Details: Legendary cricketer investing in startups and philanthropic ventures.
2. Investment Focus Areas: Technology, consumer products, sports & wellness.
3. Notable Investments: Zepto, Unacademy, Dream11.

Where Is Zepto’s Headquarters?

Zepto is headquartered in Parel, Maharashtra, India, a key commercial and logistics hub. The location supports its rapid delivery model and enables close coordination with suppliers, retail partners, and dark store operations.

What’s Next for Zepto?

Zepto is expanding its dark store network to 700 locations and scaling its Zepto Café services. The company is preparing for an IPO while navigating competition from Blinkit, Swiggy, Instamart, and other similar services. With a $5 billion valuation and strong investor support, Zepto is well-positioned to capture a significant market share in India’s rapidly growing quick commerce sector.

Get Investor & Funding Insights with TexAu

TexAu helps sales and business teams uncover detailed fundraising information on companies like Zepto. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.

Sign up for free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.