IPO-bound Zepto bags $350 mn from domestic investors

BENGALURU: Quick commerce start-up Zepto has raised $350 million in its latest round, which included investments from Indian HNIs, family offices, and leading financial institutions at a flat valuation of $5 billion. The fundraise was led exclusively by Motilal Oswal’s Private Wealth division.

This fundraise also saw participation from family offices and investors such as Motilal Oswal AMC and Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Cello Family Office, Haldiram Snacks Family Office, Sekhsaria Family Office, Kalyan Family Office, Happy Forgings Family Office, Mothers Recipe Family Office (Desai Brothers), Abhishek Bachchan and Sachin Tendulkar, among others.