Quick commerce and foodtech firm Zepto is in talks for a $250 million secondary funding round, enabling existing stockholders to offload equity. The move aims to boost Indian investor ownership before its planned IPO later this year.
Motilal Oswal Financial and Edelweiss Financial Services are reportedly in discussions to acquire shares, with transactions expected at a $5 billion valuation—the same as Zepto’s last $350 million funding round in 2024.
Led by Aadit Palicha, Zepto has raised $1.85 billion since inception. Operating 550+ dark stores, it processes over 700,000 orders daily, delivering 25,000+ products in just 10 minutes. The firm also runs Zepto Cafe, a leading quick food delivery service.
Zepto’s FY24 revenue surged 2.2X to Rs. 4,454 crore, while losses declined by 2%. Earlier this year, the company relocated from Singapore to India, expediting its stock market debut.
