Daijiworld Media Network – Bengaluru

Bengaluru, Oct 16: Quick commerce (qcom) unicorn Zepto on Thursday announced the closure of a $450-million funding round at a valuation of $7 billion. The round was led by US pension fund CalPERS and included existing investors General Catalyst, Avra, Lightspeed, StepStone, and Nexus Venture Partners.

$1 billion war chest for growth

Zepto CEO and co-founder Aadit Palicha said, “This financing reflects our team’s execution to grow rapidly while building operating leverage. We now have approximately $900 million of net cash in the bank and are more than well-capitalised for the future.” The round included primary and secondary transactions, creating a total war chest of $1 billion.

Aggressive fundraising ahead of IPO

The company, eyeing an initial public offering (IPO) next year, has raised funds aggressively over the past months, including $665 million, $340 million, and $350 million in June, August, and November 2024, respectively.

Revenue growth and India domicile

Founded in 2020, Zepto, which competes with Blinkit and Swiggy’s Instamart, shifted its domicile from Singapore to India in January 2025 to comply with listing regulations. The company recorded revenue of nearly Rs 11,110 crore in FY25, a 150% rise from Rs 4,454.5 crore in FY24.