PE-VC Fund Investments
Quick commerce co. Zepto raises $450-M led by CalPERS at $7-B valuation
Bengaluru-based quick commerce major Zepto has raised USD 450 million in a mix of primary and secondary funding rounds led by California Public Employees’ Retirement System (CalPERS) with participation from existing investors including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group, and Nexus Venture Partners. The funding was raised at a USD 7 Billion valuation.Zepto’s revenue for FY24 was INR 4,454 crore, more than double the INR 2,026 crore reported in FY23. The company’s losses narrowed slightly from around INR 1,272 crore in FY23 to INR 1,249 crore in FY24. Zepto is reported to have clocked a turnover of INR 11,110 crore in FY25.
B etween Jan 2021 and Aug 2025, Zepto had raised about USD 2 B from 2AM Ventures, Contrary Capital, Rocket Internet, Glade Brook Capital, Nexus Venture Partners, Breyer Capital, Y Combinator Continuity Fund and others.
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