Quick commerce platform Zepto has raised Rs 7.5 crore in fresh funding from Mumbai-based Elcid Investments. 

As per the deal, Elcid Investments will buy 22,55,639 equity shares (0.039 per cent equity stake) of Zepto at Rs 33.23 per share, according to company’s stock exchange filing. 

The company’s valuation in the current funding round is more than $5 billion, as it was in the last round.

Elcid Investments invested in Zepto last year as well.

The 4-year-old startup is also in the process of raising $500 million round in a mix of primary and secondary transactions. The round will be led by Zepto’s existing investors General Catalyst and Avenir Growth.

Also Read: From Zepto to BharatPe to Perplexity: How India’s under-30 founders are building global-first startups

Zepto’s recent developments

In April 2025, Zepto appointed Bharti Enterprises vice-chairman Akhil Gupta as an independent director to its board. Read more

Recently, Aadit Palicha, the CEO and co-founder of quick delivery platform Zepto, alleged that the chief financial officer (CFO) of a rival company is running a smear campaign against them over the past few days.

In a LinkedIn post, Palicha said the spam campaign includes “calling our investors to make wild allegations about us with no empirical evidence, giving out false numbers/Excel sheets on Zepto through sources known to journalists, and paying bots on social media to spread a negative narrative”.

He, however, did not reveal the name of the rival firm. In the quick commerce space, Zepto competes with Blinkit (owned by Eternal, which was earlier Zomato), Swiggy Instamart, Flipkart Minutes, and Tata BigBasket, among others. 

Also Read: Zepto CEO accuses rival company’s CFO of targeting them with a smear campaign

Zepto competes with other major quick commerce platforms, including Eternal-owned Blinkit and Swiggy Instamart, among others.