zepto funding login seller logo referral code quick commerce firm raises 350 million dollar startup news

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Zepto connected Friday announced a USD 350 cardinal fundraise successful its latest circular that the speedy commerce institution said marks the largest 100 per cent home fundraise wrong India's startup ecosystem.

The circular included investments from Indian HNIs, household offices, and starring fiscal institutions. The fundraise was led exclusively by Motilal Oswal's Private Wealth division.

The fundraise saw information from respective household offices and investors including Motilal Oswal AMC and Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, Cello Family Office, Haldiram Snacks Family Office, Sekhsaria Family Office, Kalyan Family Office, Happy Forgings Family Office, Mothers Recipe Family Office (Desai Brothers) and notable individuals similar Abhishek Amitabh Bachchan and Sachin Ramesh Tendulkar, among others.

"This circular reflected the increasing committedness of Indian investors to backmost transformative startups", Zepto said.

This "landmark funding" comes astatine a clip erstwhile India's system is accelerating its displacement toward domestically driven growth, Zepto said.

"When we started this venture, the hazard appetite among home investors was limited, particularly to spot 18-year-olds with their money. Today, we are humbled to person reached a spot successful India's economical maturation wherever we person not lone fostered that spot but besides spearheaded a fundraise of this magnitude, which volition hopefully acceptable a precedent for the startups that follow," Aadit Palicha, CEO and Co-founder of Zepto said.

Ashish Shanker, MD and CEO, Motilal Oswal Private Wealth, said Motilal Oswal is simply a beardown believer successful the aboriginal of integer businesses, peculiarly speedy commerce players similar Zepto, arsenic imaginable escaped currency travel powerhouses.

"India's biggest and marquee household bureau clients of Motilal Oswal Private Wealth stock this excitement and person participated successful this once-in-a-lifetime travel of worth creation," Shanker said.

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