Team Startupcity

• Zepto raises  Rs 7.5 Cr from Elcid Investment at  Rs 33.23/share.
• $500M funding round in progress, company valuation may hit $7B.
• FY25 revenue soars to  Rs 11,110 Cr, IPO deferred to FY26.

Zepto, the rapidly growing quick commerce startup founded by Aadit Palicha, has raised  Rs 7.5 crore in new capital from NBFC company Elcid Investment, a recent stock exchange filing has shown. This is at a time when Zepto is said to be in advanced talks to raise $500 million in a funding round that is likely to value the startup at $7 billion.

As made known through regulatory filings, Elcid Investment will purchase 22,55,639 equity shares at  Rs 33.23 per share, which is a 0.039% stake in the Mumbai company.

Aadit Palicha and Kaivalya Vohra founded Zepto in 2021. Zepto has seen incredible revenue growth over the last three years. Its revenue jumped to Rs 11,110 crore in FY25, almost doubling from  Rs 4,454.5 crore in FY24 and  Rs 2,024.4 crore in FY23.

Also Read- Zepto Raises $100M, Hits $5B Valuation Pre-IPO

The firm recently redomiciled from India to Singapore in a strategic bid to set the stage for its future public listing. While Zepto's IPO was previously anticipated in FY25, it has now been pushed to FY26, as per media reports.

Zepto is present in a very competitive quick commerce segment, with competitors equally displaying robust momentum. Blinkit from Eternal achieved  Rs 2,400 crore in revenue during Q1 FY26 bagging Eternal's core food delivery business for the very first time. Swiggy's Instamart business, on the other hand, is still to announce its financial performance for the said quarter.