India, July 29 -- Non-banking finance company (NBFC) Elcid Investments is increasing its stake in quick commerce giant Zepto by investing up to INR 7.5 Cr.

Elcid is making the investment by subscribing to Zepto's CCPS representing 22,55,639 equity shares on a fully diluted basis, as per its BSE filing.

Post completion of this transaction, the final aggregate shareholding of Elcid Investments would be 0.039% of the share capital of Zepto.

The development was first reported by The Arc.

The total turnover of Zepto for the financial year ended March 31, 2025 stood at INR 11,109.9 Cr as against INR 4,454.5 Cr in FY24, as per the filing.

Zepto is raising the amount at over $5 Bn, its valuation in the last funding round, a company spokesper...