#Business | Zomato board to consider fund raising via QIP on Oct 22 🛵🥡 Read more 👇 https://t.co/oLwsyC3qdl #Zomato #FundRaising #QIP
With Zepto raising over $1.2B in cash in 4 months, now Zomato says it will raise new cash through QIP. It has $1B in cash already. https://t.co/tTNaCPkweY
🚨Zomato to seek board approval for raising of funds via QIP @ETtech https://t.co/nUW5BTVs9q

Zepto, a leading Indian quick commerce startup, is in advanced stages of securing $100-$150 million from Indian family offices and high-net-worth individuals (HNIs). Motilal Oswal is managing the investment, with its fund committing $40 million, including $14 million from Raamdeo Agrawal in a personal capacity. This marks Zepto's third major funding round in six months, following a $340 million raise in August and a total of over $1 billion this year. The new investment is expected to value Zepto at $5 billion. Additionally, Zepto has achieved an annualized gross sale run rate of $2 billion, up from $1.5 billion in May.


