Zepto secures another $350 million fund raise round
Summary
Zepto has secured another $350 million fundraise round from Indian HNIs, family offices, and leading financial institutions, which, was led exclusively by Motilal Oswals Private Wealth division.This marks the third fundraise round by the quick commerce platform this year and adds to the war-chest of $1 billion it has raised in the past few months to take on rivals including Blinkit and Swiggy Instamart. Today, we are humbled to have reached a place in Indias economic growth where weve not only fostered that trust but also spearheaded a fundraise of this magnitude, which will hopefully set a precedent for the startups that follow. From day one, our vision has been to play a small role in nation-building, create lakhs of jobs, and offer better services to Indian consumers. Also read: Safety market to reach $1 billion in 5 yearsAshish Shanker, MD & CEO of Motilal Oswal Private Wealth, added, Motilal Oswal is a strong believer in the future of digital businesses, particularly quick commerce players like Zepto, as potential free cash flow powerhouses. Indias biggest and marquee family office clients of Motilal Oswal Private Wealth share this excitement and have participated in this once-in-a-lifetime journey of value creation.