Zepto: Quick Commerce App Zepto will not only bring milk, bread and vegetables, but now you will also be able to buy a plot on this platform. Let us know that Zepto has joined hands with India’s well-known real estate company House of Abhinandan Lodha (HOBL).
A new ad from Zepto and Hoabl was launched on the occasion of Janmashtami, in which Zepto’s delivery boy is seen showing a glimpse of a beautiful plot. Ed’s Tagline is, “On this Janmashtami, make a new imagination of land investment with India’s largest branded land developer, House of Abhinandan Lodha and Zepto.” This ed is indicating that now you will be able to buy in the ground on this quick commerce platform.
Will the new magicbricks or 99acres be created Zepto?
However, till now it is not clear whether Zepto will only promote Hoabl’s plots or will work with the rest of the real estate companies later. In such a situation, the question arises whether Zepto will also act like platforms like magicbricks and 99acres.
Zepto has done such innovation before
Zepto has done something different before this. In February, the company tied-up with Skoda, in which customers got a chance to book the test drive of Skoda’s new SUV Kushaq through Zepto. Even then people thought that Zepto will now deliver the car in 10 minutes, but Zepto’s co-founder Adit Palicha himself came forward and removed this confusion.
The company is preparing to bring IPO
Zepto is currently preparing for its IPO (Initial Public Offering). For this, the company has started a campaign to strengthen its stake in India. According to the ET report, Zepto has earned a new investment of ₹ 400 crore from Motilal Oswal Financial Services. After this investment, the value of Zepto is estimated to be around ₹ 47,298 crore (ie $ 5.4 billion). Zepto’s founders are also contributing to this, they are going to invest about ₹ 1,500 crores themselves, for which they are collecting loans from Edelweiss and other domestic investors. Zepto has recently shifted its head office in India.