Quick commerce startup Zepto plans to raise $300 million, doubling its initial target due to high investor interest.
The funding will involve top Indian family offices, ultra-HNIs, and notable figures like Amitabh Bachchan and Sachin Tendulkar. Major investors such as RJ Corp, RPG Group, and Motilal Oswal are participating, with Zepto selling a 6% stake at a $5 billion valuation. Indian ownership in Zepto is set to increase to 35%, including stakes held by founders Aadit Palicha and Kaivalya Vohra. With 1 million daily orders and plans for an IPO, Zepto is solidifying its position in quick commerce.