Zepto raises fresh funds from Elcid Investment at $5 Bn valuation

Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment, according to its stock exchange filing.

This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others.

As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039%…