Zepto, a quick commerce platform, has raised INR 7.5 crore from Elcid Investments, a non-banking finance company (NBFC).
Zepto said this investment keeps its valuation above $5 billion, the same as in its previous funding round.
As per the official filing, Elcid Investments will buy 22,55,639 shares of Zepto at INR 33.23 per share, giving it a 0.039% stake in the company.
Zepto’s revenue reached INR 11,110 crore in FY25, showing strong and steady growth.
This is a 2.5x increase from INR 4,454.5 crore in FY24, and more than double its INR 2,024.4 crore revenue in FY23.
Zepto has also moved its headquarters from Singapore to India. However, its planned IPO is now expected in FY26.
Elcid Investments Limited, which invested in Zepto, is an RBI-registered NBFC that focuses on investing in shares, mutual funds, debentures, and other financial products.
Zepto was founded in 2021 by Aadit Palicha and Kaivalya Vohra, two Stanford University dropouts.
Zepto is a quick-commerce platform that delivers groceries and daily essentials in just 10 minutes. It operates in multiple Indian cities, offering everything from fresh produce to household items.
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