Zepto raises $350 million at flat $5 billion valuation ahead of IPO

Quick commerce major Zepto on Friday announced that it has raised a massive $350 million in its latest round at a flat valuation of $5 billion, led by Motilal Oswal’s Private Wealth division. The move aims to bring more domestic investors to its cap table ahead of the company’s upcoming initial public offering (IPO).

The round, which marks the largest 100 per cent domestic fundraise in India’s startup ecosystem, also included investments from Indian high net-worth individuals (HNIs), family offices, and leading financial institutions.