Quick commerce Zepto raises fresh funds led by Elcid Investment at $5 Bn valuation

Elcid Investment contributed Rs 7.5 crore to Zepto, a quick commerce platform, according to a stock exchange filing.

This investment coincides with reports that Zepto, led by current investors General Catalyst, Avenir, and others, is in negotiations to raise $500 million at a valuation of $7 billion.

Elcid Investment plans to purchase 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, which translates to a 0.039% ownership stake in the business, according to the filing.

A Zepto representative claims that the company is valued at more than $5 billion in this investment round, just like it was in the previous one.

In FY25, Zepto’s overall revenue increased 2.5 times to Rs 11,110 crore from Rs 4,454.5 crore in FY24. The company’s sales doubled every fiscal year, with a reported turnover of Rs 2,024.4 crore in FY23.

As part of its plans for a public listing, which has apparently been postponed until FY26, Zepto recently finished moving its headquarters from Singapore to India.

Zepto faces competition from other prominent rapid commerce platforms, such as Blinkit, which is owned by Eternal and generated Rs 2,400 crore in revenue in Q1 FY26, outpacing Eternal’s food delivery operation. Competitor Swiggy Instamart has not yet submitted its Q1 FY26 financial statements.