Quick Commerce Giant Zepto Secures $450M Pre-IPO Boost

Zepto, India’s leading quick commerce startup, has successfully closed $450 million in a funding round led by California Public Employees' Retirement System (CalPERS).

This latest round boosts Zepto’s valuation to $7 billion and sets the stage for a planned IPO in 2026.

Who is Zepto?

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto promises ultra-fast 10-minute grocery delivery in over 80 cities across India.

The startup’s key differentiator lies in its AI-powered demand forecasting and efficient dark store network, allowing it to handle 1.7 million daily orders with high precision.

Why This Funding is a Big Deal?

The $450 million raise is Zepto’s largest round, bringing the total funds raised to nearly $2.4 billion.

CalPERS’ direct lead investment signals strong institutional confidence in India’s quick commerce market, which is forecasted to reach tens of billions in value over the next decade.

This funding will fuel expansion of Zepto’s warehouse footprint and enhance its AI and logistics tech infrastructure.

A Glimpse at Zepto’s Growth

Zepto has improved unit economics with increasing store-level profitability, crucial as competition heats up from Blinkit, Swiggy Instamart, and newcomers like Flipkart Minutes.

Zepto Quick Facts

What’s Next for Zepto?

With IPO filing expected in 2026, Zepto plans aggressive store expansion and aims to raise domestic ownership to 40%.

The fresh capital will also accelerate investment in AI capabilities for smarter stock management and delivery routing, cementing Zepto’s position as a quick commerce market leader.

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