Overview

• Zepto said it raised $400 million in a CalPERS-led round at a roughly $7 billion valuation, with participation from Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group, and Nexus Venture Partners.
• The financing includes a mix of primary and secondary shares, and the company says it intends to go public next year.
• CEO Aadit Palicha reported growth to about 1.7 million daily orders from 500,000 five quarters ago, with funds earmarked for expanding dark stores, improving logistics, and advancing profitability.
• Some outlets reported the round size at roughly $450–$500 million and indicated it is closing this month, underscoring varying estimates on the final tally.
• The Indian quick‑commerce market is intensifying with Blinkit, Swiggy Instamart, and BigBasket in the fray, and Morgan Stanley projects the category could reach $42 billion by 2030.