Zepto's $350M Round Largest Domestic Fundraising

Indian quick commerce startup Zepto has raised $350 million in its third funding round in six months, led by Motilal Oswal's private wealth division, maintaining its valuation at $5 billion. This round is the largest 100% domestic fundraising in India's startup ecosystem, with investments from Indian high-net-worth individuals, family offices, and financial institutions, including the Mankind Pharma family office and RP-Sanjiv Goenka Group. Notable investors also include celebrities like Amitabh Bachchan and Sachin Tendulkar. The funding aims to boost local shareholding as Zepto prepares for an IPO next year. Zepto's rapid market expansion is reshaping India's e-commerce sector, prompting giants like Flipkart and Tata's BigBasket to explore instant delivery services. The quick commerce market in India is projected to grow significantly, with Morgan Stanley estimating it could reach $42 billion by 2030.