Funding Alert

MapmyIndia invests ₹25 crore in Zepto at $6.1 billion valuation


Mapping solutions provider MapmyIndia has invested ₹25 crore in quick-commerce unicorn Zepto at a valuation of USD 6.1 billion, according to stock exchange filings and media reports.

The investment involves the acquisition of 75,18,797 compulsorily convertible preference shares (CCPS) at ₹33.25 each, translating to a 0.049% stake in Zepto on a fully diluted basis. The cash transaction is expected to close within the next three months.

As part of a strategic partnership, Zepto will integrate MapmyIndia’s location APIs and software development kits to improve delivery efficiency and enhance customer experience on its platform.

The deal also comes as Indian ownership in Zepto increases ahead of its anticipated IPO. Just last week, Elcid Investments invested ₹7.5 crore in the company. Zepto’s valuation has risen from USD 5 billion earlier this year, with a larger funding round reportedly in the works that could value the company at USD 7 billion.

MapmyIndia, formally known as C.E. Info Systems, said the investment will accelerate the adoption of its mapping and location-based solutions across India’s fast-growing quick commerce sector.

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