Zepto secures Rs 400 Cr from Motilal Oswal

Quick commerce player Zepto has raised Rs 400 crore ($46 million) from Motilal Oswal Financial Services Limited (MOFSL) through the allotment of 7.55 crore compulsorily convertible preference shares.

The deal forms part of MOFSL’s treasury investment book, aimed at generating sustainable, long-term returns, the company said in a stock exchange filing. Motilal Oswal is already an investor in Zepto and led a $350 million round in the Aadit Palicha-led company in November 2024.

This investment comes amid a busy fundraising phase for Zepto. Recently, MapMyIndia committed Rs 25 crore for a 0.049% stake, while Elcid Investment pumped in Rs 7.5 crore at a valuation of over $5 billion.

The Mumbai-headquartered firm is also in talks to raise funds at a $7 billion valuation. As per filings, Zepto clocked a turnover of Rs 11,110 crore ($1.3 billion) in FY25.

The latest funding is expected to extend Zepto’s runway ahead of a planned 2026 IPO, as the company aims to achieve EBITDA break-even within the next 12–15 months.

Besides grocery and food items, Zepto has also started focusing on delivering medicines like its arch rivals Swiggy Instamart, Blinkit, and Flipkart’s Minutes. The firm has launched Zepto Pharmacy in select areas of Mumbai, Bengaluru, Delhi NCR, and Hyderabad. According to Zepto, it has spent the past 12 months running the service on a small scale to fine-tune customer experience, supply chain, and compliance processes.