Mumbai-based non-banking financial company Elcid Investments said it is investing ₹7.5 crore in quick commerce company Zepto.
The NBFC had invested in Zepto late last year as well, and following the latest share purchase it will hold 0.039 per cent stake in company, it said. Zepto was last valued at $5 billion when it raised capital in November 2024.
This comes at a time when Zepto is closing a larger round of around $500 million in a mix of primary and secondary transactions led by existing backers General Catalyst and Avenir Growth.
According to the filing, Zepto has clocked Rs 11,109 crore in turnover in fiscal 2025, up 150% from Rs 4,454 crore in FY24.
Zepto recently completed its shift in domicile from Singapore to India as part of its preparations for a public listing, which has now reportedly been deferred to FY26. It will file its draft red herring prospectus (DRHP) in the second half of this year, reported businessline earlier.
Zepto competes with other major quick commerce platforms, including Eternal-owned Blinkit, which reported ₹2,400 crore in revenue for Q1 FY26, surpassing Eternal’s food delivery business. Meanwhile, rival Swiggy Instamart is yet to file its Q1 FY26 financials.
Published on July 29, 2025