According to its stock exchange filing, Zepto raised Rs 7.5 crore from Elcid Investment. This investment coincides with reports that Zepto, led by current backers General Catalyst, Avenir, and others, is in negotiations to raise $500 million at a valuation of $7 billion.
Key Highlights
- NBFC Elcid Investments acquired Zepto shares worth ₹7.5 crore at a $2.26 billion valuation.
- Fresh infusion aligns with broader investor interest as Zepto eyes a potential IPO and further scaling.
Elcid Investment plans to purchase 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, which translates to a 0.039% equity stake in the business, according to the filing.
Estimates place Zepto's current valuation at Rs 19,231 crore, or roughly $2.26 billion, which represents a 50% decrease from its $5 billion valuation at the time of its $340 million fundraise in August of last year.
From Rs 4,454.5 crore in FY24 to Rs 11,110 crore in FY25, Zepto's total revenue increased 2.5 times. With a reported turnover of Rs 2,024.4 crore in FY23, the company has consistently doubled its revenue every fiscal year.
Zepto recently finished moving its headquarters from Singapore to India in order to get ready for a public listing, which has reportedly been postponed until FY26.
Also Read: Zepto postpones IPO Launch to 2026, Joins List of Indian Startups delaying IPOs
Other significant quick commerce platforms, such as Blinkit, which is owned by Eternal and generated Rs 2,400 crore in revenue for Q1 FY26—more than Eternal's food delivery business—compete with Zepto. Swiggy Instamart, a competitor, has not yet submitted its Q1 FY26 financials.
