Zepto plans to raise a third fundraising round in six months, with $100 million coming from Indian offices

The Mumbai-based business, which offers 10-minute door-to-door delivery of groceries and office supplies to clients in several Indian cities, is seeking further funding from wealthy Indian families and family offices. 

According to the sources, who asked to remain anonymous because the discussion is private, Motilal Oswal, the massive asset management company that previously contributed $40 million to Zepto, is in charge of the new funding decision. According to another person with knowledge of the situation, the financial services company has already received promises for more than half of the allotment.

Zepto is valued at $5 billion post-money by the new investment, which is the same amount at which it last concluded a $340 million funding round in August. In the past six months, Zepto has raised over $1 billion, all of which is still in its bank. 

Zepto intends to go public the following year, and the goal of the current fundraising is to increase the number of domestic investors on its cap table. Zepto has the following backers: YC Continuity, Glade Brook, Avra, Lightspeed, Nexus, StepStone Group, and Contrary.