Zepto, the 10-minute delivery startup founded by Aadit Palicha and Kaivalya Vohra, has secured Rs 7.5 crore funding from NBFC firm Elcid Investment. The funding was revealed through a recent stock exchange filing and comes as the company continues to attract strong investor interest.
As part of this deal, Elcid Investment will acquire 22,55,639 equity shares at Rs 33.23 per share, giving it a tiny 0.039% stake in Zepto. This move is part of Zepto’s ongoing efforts to strengthen its balance sheet and support future growth.
Zepto Funding Round
Beyond this smaller investment, Zepto is reportedly in advanced discussions to raise a much larger round of about $500 million. If successful, this round could push the company’s valuation to an impressive $7 billion, highlighting growing confidence in the quick commerce sector.
Founded in 2021, Zepto has quickly become a household name in urban India, delivering groceries and daily essentials within just 10 minutes through its network of dark stores.
Reports Strong Growth
Zepto’s financial performance has been equally impressive. In FY25, it reported a turnover of Rs 11,110 crore, which is more than double the Rs 4,454.5 crore recorded in FY24. The company had earlier reported Rs 2,024.4 crore turnover in FY23, showing rapid year-on-year growth.
Such growth positions Zepto as one of the top players in India’s quick commerce market, alongside competitors like Blinkit and Swiggy’s Instamart.
Shifts IPO Plans
Recently, Zepto completed a key strategic move by shifting its domicile from Singapore back to India. This step aligns with its long-term goal to become a publicly listed company.
Though an IPO was initially expected in FY25, reports now suggest the listing could be delayed to FY26, likely giving Zepto more time to expand its operations and boost profitability.
Competes in Crowded Market
Zepto faces stiff competition from Blinkit, which reported around Rs 2,400 crore in revenue in just the first quarter of FY26, overtaking its parent Eternal’s main food delivery business. Swiggy’s Instamart division, another major rival, has yet to announce its Q1 FY26 numbers but remains a key competitor.
Despite this, Zepto’s aggressive growth and funding plans show that the quick commerce battle is far from over, and the company remains determined to lead.
Zepto Lite and Online Services
Zepto is a leading Indian quick commerce platform, providing ultra-fast online delivery of groceries, essentials, and more typically within 10 minutes through its app-based online services. The company uses a network of dark stores to serve major urban areas, emphasizing speed, convenience, and a wide product range.
Zepto Lite refers to a streamlined or lighter version of Zepto’s main offering, designed especially for lower bandwidth or device compatibility. Customers can access Zepto’s online platform for instant purchases at any time.
