Qcom unicorn Zepto raises nearly $450 million at $7 billion valuation

Quick commerce unicorn Zepto secures $450 million in fresh funding at a $7-billion valuation, led by CalPERS, with existing investors Lightspeed, Avra, and Nexus participating

Quick commerce (qcom) unicorn Zepto on Thursday announced the closure of an approximately $450 million funding round at a valuation of $7 billion. The current round was led by the United States pension fund California Public Employees’ Retirement System (CalPERS) and includes existing investors General Catalyst, Avra, Lightspeed, StepStone, and Nexus Venture Partners.

 

“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,” Aadit Palicha, chief executive officer (CEO) and co-founder at Zepto, said.

 

 

The funding round is a mix of primary and secondary transactions. With this round, the company has created a war chest of $1 billion.

 

Zepto, which is eyeing an initial public offering (IPO), has been aggressively raising funds in the past few months. In June, August, and November of last year, the company had raised $665 million, $340 million, and $350 million, respectively, from new and existing investors.

 

The qcom company, which competes primarily with Eternal’s Blinkit, Swiggy’s Instamart, plans to go public next year.

 

In January this year, the company also shifted its domicile from Singapore to India to align with listing regulations. Founded in 2020, the company recorded a revenue of nearly ₹11,110 crore in the financial year 2025 (FY25), a 150 per cent rise from ₹ 4,454.5 crore it posted in FY24.