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.
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How are they pumping so much money into a bleeding startup ?
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.
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.
this might be early pre ipo round. i read somewhere they are in talks with sebi and several investment banks fot ipo next year
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
For Zepto it's raining money... But why
How much are the founders holding on now? Every round they lose a bit
They were at 22-25% in mid 2023, they have raised more than $800m after that
Wild’