Elcid Investments invests Rs 7.5 crore in Zepto at $5.9 billion valuation
Mumbai-based non-banking financial company (NBFC) Elcid Investments is investing Rs 7.5 crore in quick commerce company Zepto, it said in a stock exchange filing.
In its regulatory filing on Tuesday, Elcid Investments said it will take a 0.0146% stake in Zepto for its investment—translating to a valuation of Rs 51,369 crore (or around $5.9 billion).
