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Zepto is in advanced stage of talks to raise $ 100 million in raw investment , its third in the last six month , as the precede Indian quick - commerce startup looks to rope in more domestic investor , origin conversant with the lecture told TechCrunch .
The Mumbai - headquarter inauguration , which present grocery items and power stationery to client ’ doorstep in 10 minutes in multiple Native American city , is raising the fresh investment from Amerindic kin offices and high - last - deserving mortal .
Motilal Oswal , the plus direction giant that earlier invested $ 40 million in Zepto , is running the authorisation for the new funding deliberation , the reference tell , quest anonymity as the matter is secret . The financial services firm has already received commitments for more than one-half of the assignation , according to another source familiar with the situation .
The new investiture economic value Zepto at a $ 5 billion post - money valuation , the same value at which it of late closed a $ 340 million funding round in August . Zepto has raise more than $ 1 billion in the last six month and all of it remain in its money box .
Zepto is project to go public next year , and the new fundraise is purpose at expanding the base of domesticated investor on its detonating gadget mesa . Zepto depend Avra , Lightspeed , Nexus , StepStone Group , YC Continuity , Glade Brook , and Contrary among its backer .
Even as prompt - commerce startups are retreating , consolidating , or shut out down in many parts of the domain , the fashion model is read encouraging signs in India . Quick - commerce startup are on track to do a sale of more than $ 6 billion this year , according to TechCrunch ’s analytic thinking .
In response to the fast hike of quick commerce , which is more and more shaping the consumer doings in India , many e - commerce incumbents — including Flipkart , Myntra , and Nykaa have been forced toscramble to discover path to lower the time they taketo deliver point to their customer .
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Shares of DMart , which run one of the largest brick - and - trench mortar retail chain of mountains in India , fell this week after the house affirm that it was lose some business to flying - commerce startup .
“ We believe Quick Commerce players are expand cities , class , SKUs , AOVs and discounts , and create parallel commerce for convenience - seeking customers , ” analysts at Morgan Stanley write in a note this week .
Zepto — which competes with Zomato - owned Blinkit , Prosus - back Swiggy ’s Instamart , and Tata ’s BigBasket — has grow its annualized net discharge pace substantially in late months , according to sources and an intragroup document brush up by TechCrunch .
Zepto co - beginner and chief executive Aadit Palicha secern a group of investors in August that the startupprojects to get at 150 % in the next 12 month , TechCrunch earlier reported .
