Zepto, a quick commerce unicorn, has successfully raised $350 million in its latest funding round. This marks the third funding round in just five months for the company.

The investment was led by Motilal Oswal’s Private Wealth division and included participation from several high net-worth individuals and family offices. Zepto aims to increase its domestic shareholding ahead of a potential IPO next year.

Notable participants in this funding round include the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, and actor Abhishek Bachchan, along with cricket legend Sachin Tendulkar. Despite previous support for Zepto's rival, Swiggy, from some of the investors involved, this funding round reflects strong investor confidence in Zepto's growth trajectory. The company's valuation remains at $5 billion, highlighting the competitive landscape in the quick commerce sector.