Zepto Secures $450 Million Funding at $7 Billion Valuation in Pre-IPO Round Led by CalPERS

Oct 16, 2025 09:19 pm CST

Quick commerce platform Zepto has raised $450 million in a funding round led by CalPERS, achieving a $7 billion valuation ahead of planned IPO. CEO Aadit Palicha confirmed the company now has $900 million in cash reserves, with domestic ownership set to increase from 12% to 40%. Currently processing 1.7 million daily orders with most stores achieving profitability, Zepto plans moderate expansion including hundreds of new stores in the next year.