Total amount raised
$2 Billions
Latest funding date
Location
Zepto has successfully raised significant funding over multiple rounds, achieving a valuation of over $1 billion. The company specializes in delivering daily essentials and grocery items through its online platform.
Keep reading to explore the intricacies of Zepto's fundraising journey and the investors backing this innovative platform.
What Is Zepto?
Zepto, founded in 2021 by Aadit Palicha and Kaivalya Vohra, is an e-grocery company based in Parel, Maharashtra, India. The company specializes in delivering daily essentials and grocery items through its online platform.
Zepto offers a wide range of products, including fruits, vegetables, snack foods, and electronics, catering to industries such as retail, food and beverage, and logistics. The company aims to provide a seamless shopping experience with quick delivery times.
With a workforce of 501-1000 employees, Zepto continues to grow and innovate in the online grocery delivery space, making it a significant player in the industry.
How Much Funding Has Zepto Raised?
- Seed Round
- Amount Raised: $500K
- Date: September 2020
- Lead Investors: Contrary
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial platform.
- Series A
- Amount Raised: $6.5M
- Date: March 2021
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform.
- Series B
- Amount Raised: $60M
- Date: October 2021
- Lead Investors: Glade Brook Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance logistics and delivery capabilities.
- Series C
- Amount Raised: $100M
- Date: December 2021
- Lead Investors: Y Combinator Continuity Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series D
- Amount Raised: $200M
- Date: May 2022
- Lead Investors: Y Combinator Continuity Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series E
- Amount Raised: $231M
- Date: August 2023
- Lead Investors: StepStone Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market position and enhance service offerings.
- Series E
- Amount Raised: $31.3M
- Date: November 2023
- Lead Investors: Goodwater Capital, Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing expansion and operational improvements.
- Series F
- Amount Raised: $665M
- Date: June 2024
- Lead Investors: Glade Brook Capital Partners, Nexus Venture Partners, StepStone Group
- Valuation at Round: $3.6 billion
- Motivation Behind the Round: To prepare for an IPO and expand service offerings.
- Series G
- Amount Raised: $340M
- Date: August 2024
- Lead Investors: General Catalyst, Mars Growth Capital
- Valuation at Round: $5 billion
- Motivation Behind the Round: To bolster financial position ahead of IPO.
- Series G
- Amount Raised: $350M
- Date: November 2024
- Lead Investors: Motilal Oswal Wealth
- Valuation at Round: $5 billion
- Motivation Behind the Round: To prepare for IPO and expand dark store network.
Zepto has raised a total of $2.4838 billion with a current valuation of $5 billion.
Key Investors
- Motilal Oswal’s Private Wealth Division
- Details: A division of Motilal Oswal Financial Services, focusing on wealth management for high-net-worth individuals. Known for its strong belief in digital businesses and quick commerce.
- Investment Focus Areas: Digital businesses, quick commerce, financial services.
- Notable Investments: Zepto, various high-growth startups.
- RP Sanjiv Goenka Group
- Details: A diversified conglomerate in India with interests in power, carbon black, retail, media, and entertainment. The group is known for its strategic investments across various sectors.
- Investment Focus Areas: Power, retail, media, entertainment.
- Notable Investments: Spencer's Retail, Saregama India, Phillips Carbon Black.
- Mankind Pharma Family Office
- Details: The investment arm of Mankind Pharma, a major pharmaceutical company in India. Focuses on healthcare and pharmaceutical sectors.
- Investment Focus Areas: Healthcare, pharmaceuticals, high-growth sectors.
- Notable Investments: Various healthcare startups, pharmaceutical ventures.
- Haldiram Snacks Family Office
- Details: The family office of Haldiram Snacks, a leading Indian snacks and sweets manufacturer. Known for its extensive product range in the food and beverage industry.
- Investment Focus Areas: Food and beverage, consumer goods.
- Notable Investments: Food tech startups, expansion of their own product lines.
- Sachin Tendulkar
- Details: A legendary former Indian cricketer, widely regarded as one of the greatest batsmen in the history of cricket. Tendulkar has diversified his portfolio with investments in various sectors.
- Investment Focus Areas: Sports, healthcare, startups.
- Notable Investments: Sports academies, healthcare startups, various philanthropic ventures.
What's Next for Zepto?
Zepto is poised to capitalize on the burgeoning quick commerce market, with plans to expand its dark store network to 700 locations and scale its Zepto Café services. The company’s recent $350 million funding round, led by Motilal Oswal’s Private Wealth division, underscores the significant opportunities available. With a valuation of $5 billion, Zepto is well-positioned to attract further investment as it prepares for an IPO.
However, the path ahead is not without challenges. Zepto faces intense competition from established players like Blinkit and Swiggy Instamart. Maintaining rapid expansion while ensuring consistent service quality will be crucial. Navigating these hurdles will be essential for Zepto to sustain its growth trajectory and meet investor expectations.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Zepto and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
