The quick commerce company Zepto has raised $350 million in a funding round led by Motilal Oswal Private Wealth, with participation from notable investors, including Raamdeo Agarwal.

Also includes, The Taparia family office, Mankind Pharma family office, RP Sanjiv Goenka Group, Cello family office, Haldiram Snacks family office, Sekhsaria family office, Kalyan family office, Happy Forgings family office, and Mother's Recipe family office (Desai Brothers).

This round also included celebrity investors Sachin Tendulkar and Abhishek Bachchan.

Zepto has raised a total of $1.35 billion in 2024 and $1.85 billion since its inception, with a total of $1.35 billion raised since its inception. In August, the company secured $340 million in funding at a $5 billion valuation. Its valuation didn't change much with the Funding roundlatest round.

Over 25,000 products from various categories are delivered within 10 minutes through the worldwide delivery network of Zepto, which serves millions of customers. Over 550 dark stores, according to the firm, handle more than 700,000 daily orders.

Motilal Oswal recently reported that Blinkit leads the quick commerce market with a 46% share, followed by Zepto with a 29% share. Swiggy Instamart is second with a 25% slice of the pie.

The Mumbai-based firm claims to have nearly achieved positive EBITDA, posting a 140% year-on-year growth rate and an annualized gross merchandise value of more than $1 billion (Rs 8,300 crore) Approximately 75% of its stores are fully EBITDA positive as of May 2024.

The firm hasn't yet submitted its annual report for the current fiscal year, but it reported a 14-fold increase in revenue to Rs 2,024, despite its losses soaring to Rs 1,272. Sales of over Rs 5,000 crore are projected for the fiscal year.