Quick commerce startup Zepto has secured $350 million in fresh funding led by Motilal Oswal's private wealth division, maintaining its valuation at $5 billion.
This marks Zepto's third funding round this year, pushing its total annual funding to over $1 billion. Indian high-net-worth individuals, family offices like Mankind Pharma, Haldiram Snacks, and RP Sanjiv Goenka Group, along with celebrities Sachin Tendulkar and Abhishek Bachchan, joined the round. Zepto previously raised $665 million in June and $340 million in August, reflecting rapid growth in 10-minute delivery services in urban areas.