Suspense Crime Sach Ka Dam
Quick commerce company Zepto has raised US $ 350 million in a domestic funding round. Indian investors have supported the fundraising. The company announced this on Friday. The company said that Quick Commerce Company called it the largest 100 percent domestic fundraising in India’s startup ecosystem. According to PTI news, this round included investments from Indian HNIs, family offices, and leading financial institutions.
These big investors participated.
According to the news, the fundraising was exclusively led by Motilal Oswal’s private wealth division. The fundraising was attended by Motilal Oswal AMC and several family offices and investors including Ramdeo Agrawal, Tapadia Family Office, Mankind Pharma Family Office, Cello Family Office, Haldiram Snacks Family Office, Sekhsaria Family Office, Kalyan Family Office, Happy Forgings Family Office, Mother’s Recipe Family Office (Desai Brothers) and notable individuals like Abhishek Amitabh Bachchan and Sachin Ramesh Tendulkar.
The risk appetite of domestic investors
Zepto said that this round reflects the growing commitment of Indian investors to support transformational startups. According to the company, this historic funding comes at a time when India’s economy is moving towards domestically driven growth. When we started this venture, domestic investors had limited risk-taking ability, especially the ability to trust their money to 18-year-olds was low.
Will set an example for upcoming startups
Adit Palicha, CEO and Co-Founder, of Zepto, said, “Today, we are very pleased to be at a point in India’s economic growth where we have not only engendered that trust but also led a fundraise of this size, which will hopefully set a precedent for upcoming startups.” Ashish Shanker, MD and CEO, of Motilal Oswal Private Wealth, said, “Motilal Oswal is a firm believer in the future of digital businesses, especially quick commerce players like Zepto, which are potential free cash flow powerhouses.”
