Digital maps and navigation company MapmyIndia has invested INR 25 crore in quick commerce startup Zepto, valuing it at $6.1 billion, according to a stock exchange filing on Thursday.
As part of the deal, MapmyIndia will buy 75,18,797 preference shares at ₹33.25 each, which will give it a 0.049% stake in Zepto after all shares are accounted for. The cash deal is expected to be completed within three months.
MapmyIndia, officially C.E. Info Systems Limited, said the investment is meant to boost the use of its mapping and location solutions in the fast-growing quick commerce sector.
The deal marks an increase from Zepto’s earlier $5 billion valuation.
Last week, Zepto raised INR 7.5 crore ($0.9 million) from Elcid Investments, ahead of a bigger funding round that could value the company at $7 billion.
The startup is also wrapping up a $250 million secondary share sale, with shares being sold by Motilal Oswal Financial Services. This sale is meant to increase Indian ownership and simplify Zepto’s shareholder structure before its planned stock market listing.
Founded in 2021, Zepto earned INR 4,454.52 crore in revenue in FY24 but hasn’t yet shared its FY25 numbers. MapmyIndia said its ₹25 crore investment in Zepto isn’t a related-party deal and doesn’t require any regulatory approvals.
The company also put INR 25 crore into increasing its stake in its IoT subsidiary, Gtropy Systems, from 75.98% to 96%, reinforcing its focus on fleet technology and telematics.
In Q1 FY26, MapmyIndia’s operating revenue grew 21% to INR 122 crore, up from ₹101 crore in Q1 FY25, while profit jumped 28% to INR 46 crore from INR 36 crore a year earlier.
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