Quick commerce platform Zepto has secured ₹7.5 crore in funding from non-banking financial company Elcid Investment, as per a recent stock exchange filing. The investment comes at a time when the Mumbai-based startup is reportedly in advanced discussions to raise $500 million in a funding round that could value the company at $7 billion.
According to the regulatory filing, Elcid Investment will acquire 22,55,639 equity shares at a price of ₹33.23 per share, translating to a 0.039% equity stake in Zepto.
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has witnessed sharp revenue growth over the last three fiscal years. The company posted a revenue of ₹11,110 crore in FY25, more than doubling from ₹4,454.5 crore in FY24 and up from ₹2,024.4 crore in FY23.
Zepto also recently completed a jurisdictional shift from Singapore to India, a move in line with its long-term plan of pursuing a public listing. While the IPO was initially expected in FY25, it has now been deferred to FY26, according to media reports.
The company continues to compete aggressively in India’s booming quick commerce market. Blinkit, owned by Eternal, reported ₹2,400 crore in revenue for Q1 FY26—surpassing Eternal’s core food delivery business for the first time. Swiggy’s Instamart, another major competitor, is yet to release its earnings for the same period.
With strong revenue momentum and growing investor interest, Zepto remains a key player to watch in the rapidly evolving 10-minute delivery space.
