Quick commerce giant Zepto has secured an investment of ₹7.5 crore from Elcid Investment, according to a stock exchange filing. This investment comes amid Zepto’s ongoing discussions to raise a much larger funding round of $500 million at a $7 billion valuation, led by existing investors including General Catalyst and Avenir.
As per regulatory disclosures, Elcid Investment will acquire 22,55,639 equity shares in Zepto at a price of ₹33.23 per share, translating to a 0.039% stake in the company.
A Zepto spokesperson confirmed that the company’s valuation in this round surpasses the $5 billion mark it achieved in its previous raise, signaling robust investor confidence and continued momentum in the ultra-fast delivery space.
Zepto’s financial growth has been noteworthy. The company’s turnover jumped 2.5x to ₹11,110 crore in FY25, up from ₹4,454.5 crore in FY24 and ₹2,024.4 crore in FY23, maintaining a consistent trajectory of doubling revenue year-on-year.
In parallel with its funding activities, Zepto recently relocated its headquarters from Singapore to India, a strategic move aligned with its plans to go public. However, the anticipated IPO has reportedly been pushed to FY26.
Zepto continues to face stiff competition in the quick commerce sector. Blinkit, owned by Eternal, reported ₹2,400 crore in revenue in Q1 FY26, overtaking its parent’s food delivery arm. Rival Swiggy Instamart is yet to disclose its financials for the same period.
As Zepto gears up for its next phase of growth, the company’s fundraising efforts and operational milestones are setting the stage for a high-stakes battle in India’s fast-evolving commerce landscape.
