Quick service firm Zepto closes $450 million funding round at $7 million valuation
Published on 16/10/2025 07:05 PM
Zepto, one of India’s fastest-growing consumer internet companies, has closed around $450 million funding round, comprising a mix of primary and secondary transactions, with a majority in primary, the company announced today, September 16. This is Zepto's largest funding round since the company started in 2021.
The round was led by California Public Employees' Retirement System, a pension fund based in the United States, and General Catalyst, an existing investor. With this, the company is now valued at $7 billion, which was $5 billion earlier.
Zepto's existing investors, such as Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group and Nexus Venture Partners, also participated in the current round.
Aadit Palicha, CEO & Co-founder at Zepto, commented, “This financing is a reflection of our team’s execution to grow the business rapidly while consistently 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 quick commerce firm plans to utilise the fresh funding to go deeper into the seven Indian metro cities like Delhi, Mumbai, and Bengaluru.
"Zepto scaled order volume 200% over the past 18 months and was still able to consistently turn more and more of their stores profitable, even as they invested in growth. That performance, and the $500B+ Indian Grocery opportunity, gave us conviction that Zepto is building a generational consumer internet company," said Vivek Subramanian, Partner, Chief Product Officer, Goodwater Capital.
Earlier in July, Zepto raised Rs 7.5 crore in funding from Mumbai-based Elcid Investment. zeebiz.com/startups/news-quick-commerce-platform-zepto-raises-fresh-funding-from-elcid-investment-competes-with-swiggy-instamart-blinkit-374966
In August, the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, signed separate deals with Hero MotoCorp Limited and quick commerce firm Zepto to support and scale early-stage startups across different sectors.