Indian quick commerce leader, Zepto, announced on Thursday, October 16, 2025, a significant funding achievement, raising $450 million (approximately ₹3,757.5 crore). This latest round, spearheaded by the California Public Employees’ Retirement System (CalPERS), has propelled the company’s valuation to an astounding $7 billion.
This substantial capital injection comes less than a year after its previous $350 million funding round in November, which had pegged the firm’s value at $5 billion, highlighting rapid investor confidence and growth.
Aadit Palicha, CEO and Co-Founder of Zepto, shared insights with PTI, stating, ‘We’ve successfully closed nearly $450 million, with the majority being primary capital. The company’s valuation reached $7 billion by the time this round concluded. While several investors participated, CalPERS contributed the largest individual cheque. We consider this a pre-IPO round and are actively working towards filing our initial public offering soon.’
Palicha further emphasized the company’s strong financial standing: ‘We now boast approximately $900 million in net cash in the bank, ensuring we are more than adequately capitalized for our future endeavors.’
As Zepto prepares for its public listing, Mr. Palicha revealed plans to significantly increase domestic ownership within the company, aiming for 40% in just a few weeks, up from the current 12%.
This successful fundraising event reflects a surge in investor confidence, largely attributed to Zepto’s impressive operational performance. The company currently processes nearly 1.7 million orders daily, with a significant majority of its dark stores now operating profitably.
‘When we finalized this financing round, our network included more profitable stores than our entire operational network did last year,’ Palicha proudly noted.
The newly secured funds will be strategically deployed to maintain a robust balance sheet and facilitate measured expansion. Zepto is committed to continuously enhancing its profitability while sustaining its impressive order volume growth. Although specific expenditure details are flexible, a portion of this fresh capital is earmarked for the launch of several hundred new stores over the next 12 months.