Sign in
DingDong
DingDong
Razorpay

Zepto raising $300Mn

Zepto is reportedly looking to raise $300 Mn from domestic investors.

The family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja, and Cipla will be joining the quick commerce major’s funding round.

Bollywood star Amitabh Bachchan and former cricketer Sachin Tendulkar will also be joining the round.

Additionally, the family offices of Ravi Jaipuria (RJ Corp) and Harsh Goenka (RPG Group) are in discussions to join the round, along with the Motilal Oswal Group, which has increased its investment from $40 Mn to over $60 Mn.

6d ago18K views
DimpledProblem
DimpledProblem
Salesforce3d

How are they pumping so much money into a bleeding startup ?

WealthyImage
WealthyImage
JP Morgan3d

Zepto is nifty 2 months back. FII raised valuation, now after Indian round, they will have their profits booked and exit.

AlphaGrindset
AlphaGrindset
Series A Startup3d

Amazon, Flipkart, ...

How is in 2024 the idea of funding large scale consumer tech businesses that are loss making still weird???

EnragedCorridor
EnragedCorridor
Stealth3d

These people have so much wealth, if only cared to invest in startups who are solving real problems like tackling the issue of affordable healthcare etc... India would no longer be a country in the crisis.

AlphaGrindset
AlphaGrindset
Series A Startup3d

That's just how capitalism works unfortunately They work for the want of money, not for the want of 'good', and that enables them to be successful.

The moment they shift how they think (like you and I want them to), it changes.

Maverick__
Maverick__
Microsoft3d

How much do they pay for senior engineering roles?

QuarterlyTractor
QuarterlyTractor
Startup3d

Upwards of 40L

CristianoMessi
CristianoMessi
Stealth3d

What about PMs? @QuarterlyTractor

HiddenView
HiddenView
Student3d

this might be early pre ipo round. i read somewhere they are in talks with sebi and several investment banks fot ipo next year

AlphaGrindset
AlphaGrindset
Series A Startup3d

It's crazy that the traditional folks are looking to invest in Zepto now Raamdeo Agrawal etc. coming in personally.

Shows how deeply everyone wants to jump on the wagon, given quick commerce has cast ripples on DMart stock

Discover more
Curated from across