Quick commerce major Zepto logo. File
| Photo Credit: Reuters
Quick commerce major Zepto on Thursday (October 16, 2025) said that it has raised $450 million (about ₹3,757.5 crore) in a funding round led by the California Public Employees’ Retirement System (CalPERS) at a valuation of $7 billion.
The funding comes nearly a year after its $350 million funding round in November last year, which valued the firm at $5 billion.
“We’ve closed nearly USD 450 million, and most of that is primary. The valuation of the company was USD 7 billion by the time it closed. A couple of investors participated, but the largest cheque individually came from CalPERS…We are considering it a pre-IPO round, and we are hoping to file our IPO soon.”
“We now have approximately $900 million of net cash in the bank and are more than well-capitalised for the future,” Zepto CEO and Co-Founder Aadit Palicha told PTI.
As the firm heads towards public listing, Mr. Palicha said domestic ownership within the company will soon increase to 40% in a few weeks, from the current 12%.
The fundraiser comes on the heels of investor confidence rising, with Zepto recording close to 1.7 million orders per day and a majority of its stores turning towards profitability, Mr. Palicha said.
“When we closed this financing, we had more profitable stores in our network than the entire network that existed last year,” he said.
The funds raised will be primarily used by Zepto for maintaining a healthy balance sheet and supporting moderate expansion. The company intends to keep improving its bottom line while continuing to grow order volume. Although there is no fixed spending plan, a portion of the new capital will go toward launching a few hundred new stores over the next 12 months.
Published – October 16, 2025 06:53 pm IST
