Zepto’s Financing Round Might Include DST Global, Lightspeed, Valuing Start-Up at $3 Billion: Report 

This funding is being reportedly pitched by the Quick Commerce platform as a pre-IPO round. This comes at a time when Zepto is also planning to shift its domicile back to India from Singapore. As per the report, Zepto is in the final stage of filing an application to shift its domicile. Russian-Israeli tech billionaire Yuri Milner’s investment fund has scaled back its exposure to India. Thus, the interest from DST Global is reportedly noticeable. Additionally, the investment in LightSpeed will be made through its growth-stage vehicle. LightSpeed invests in both the early and growth stages. Speaking to Business Standard, Rahul Taneja, partner, Lightspeed India, said, “If there is a market to invest in the world right now, it is India. There is some rebalancing of capital allocation across the world. A number of limited partners (LPs) are reassessing their exposure to China and increasing their weight toward India.” Interest in quick commerce has been intensifying rapidly, with new players such as Reliance and Flipkart set to enter the space. As per Redseer Strategy Consultants, “Q-commerce, with a $2.8 billion current market size, is set to become a disruptive force, poised to reshape the retail industry.” Additionally, Zomato also pumped Rs 300 crore into Blinkit. 

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