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Quick commerce unicorn Zepto has raised $350 million in a funding round led by Motilal Oswal’s Private Wealth division, aiming to boost domestic shareholding ahead of a potential IPO next year. The round retained the company's valuation at $5 billion, with participation from notable investors including family offices and celebrities like Abhishek Bachchan and Sachin Tendulkar.
Kaivalya Vohra, co-founder of Zepto, launched the quick commerce platform during the COVID pandemic in 2021 alongside Aadit Palicha. The Mumbai-based company is aggressively expanding its market share in grocery delivery, burning Rs 250 crore monthly through talent poaching, digital marketing, and customer acquisition strategies.
Aadit Palicha and Kaivalya Vohra, founders of Zepto, dropped out of Stanford University to pursue their entrepreneurial dreams during the Covid-19 pandemic. Initially, they spent a year developing their ideas before launching Zepto, which has since become a $5 billion startup revolutionizing India's hyperlocal delivery market.
Kaivalya Vohra
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Zepto secures 350 million dollars to boost domestic shareholding before IPO
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