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Zepto eyes $100M from Indian offices in third funding in 6 months
Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months.
Motilal Oswal, the asset management giant that earlier invested $40 million in Zepto, is running the mandate for the new funding deliberation, the sources said, requesting anonymity as the matter is private. The startup is eyeing to bring more Indian investors to its cap table ahead of the pre-IPO funding and IPO, one of the sources said. The startup – which competes with Zomato-owned BlinkIt, Prosus-backed Swiggy’s Instamart, and Tata’s BigBasket – has grown its annualized net runrate considerably in recent months, according to sources and an internal document reviewed by TechCrunch.
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