Zepto, the Indian quick-commerce startup, is set to raise $300 million, pushing its valuation to $5 billion. The company, which has already raised $1 billion in recent months, is expanding its investment plans, seeking additional funds from Indian investors. This fundraising follows heightened competition in the sector, with rivals Swiggy’s Instamart and Zomato’s Blinkit growing rapidly. Zepto’s efforts aim to increase Indian ownership in the company and pave the way for an eventual IPO.

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• Zepto targets a $5 billion valuation with a fresh $300 million fundraising round.
• The company aims to increase Indian ownership to around 35%, including stakes of founders Aadit Palicha and Kaivalya Vohra.
• This round follows Zepto’s successful achievement of 1 million daily orders.
• Zepto is competing with Swiggy’s Instamart and Zomato’s Blinkit in the quick-commerce sector.
• Top Indian investors like Amitabh Bachchan and Sachin Tendulkar are expected to participate.
• Family offices of Ravi Jaipuria (RJ Corp) and Harsh Goenka (RPG Group) are considering investing.
• Financial services company Motilal Oswal has raised its stake in Zepto from $40 million to $60 million.
• Manipal Group’s CEO Ranjan Pai and Mankind Pharma’s Ramesh and Rajeev Juneja will also contribute.
• The funding round aims to build stronger relationships with Indian investors before Zepto’s IPO.
• Indian investors are set to deepen their involvement as the company approaches a potential public offering.