Quick-commerce startup Zepto has raised $450 million (around ₹3,757 crore) in a funding round led by CalPERS, taking its valuation to $7 billion. This comes less than a year after a $350 million round that valued the company at $5 billion.
Zepto’s CEO and co-founder Aadit Palicha called it a “pre-IPO round” and confirmed the company plans to file for an IPO soon. With nearly $900 million in net cash, Zepto says it is well-positioned for growth.
The startup is also increasing domestic ownership from the current 12% to 40% in the coming weeks, signalling a focus on greater Indian participation in the company.
Investor confidence appears strong, as Zepto now processes close to 1.7 million orders per day, with most of its stores moving toward profitability. The fresh funds will help the company scale further, strengthen its operations, and prepare for its public listing.
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