Zepto, one of India’s leading quick-commerce startups, has secured a strategic investment of ₹7.5 crores from Elcid Investments Limited, a listed Non-Banking Financial Company (NBFC) headquartered in Mumbai. According to a regulatory filing, Elcid will subscribe to Compulsorily Convertible Preference Shares (CCPS) of Zepto Private Limited. The investment includes the acquisition of 22,55,639 equity shares at a price of ₹33.23 per share, translating to a 0.039% stake on a fully diluted basis. The transaction, which is expected to be completed within 25 days, falls under the regular course of business for Elcid and does not require any governmental or regulatory approvals.
Founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra, the company operates across multiple metro cities in India and offers a wide variety of daily essentials, fresh produce, and household products. With the increasing demand for rapid doorstep delivery, Zepto has positioned itself as a leader in the space through its innovative dark-store model and tech-driven logistics network.
The company’s revenue surged by 149.3% year-on-year, rising from ₹44,545.16 million in FY2024 to ₹1,11,099.47 million in FY2025. This sharp rise highlights investor confidence in the quick-commerce sector and Zepto’s strong operational performance in an increasingly competitive market. As more institutional investors seek exposure to high-growth digital retail platforms, Zepto’s scale and momentum continue to make it a standout player in India’s startup ecosystem.
