The funding round was led by CalPERS and saw participation from existing investors including Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group, and Nexus Venture Partners

The round was a mix of primary and secondary capital, with primary transaction accounting for a large part

The funding round valued Zepto at $7 Bn, marking a jump from its $5 Bn valuation in late 2024

Quick commerce major Zepto has raised nearly $450 Mn (around INR 3,955 Cr) in a funding round led by US-based pension fund California Public Employees’ Retirement System (CalPERS).

The round was a mix of primary and secondary capitalwith primary transaction accounting for a large part. It also saw participation from existing investors including Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group, and Nexus Venture Partners.

Earlier sources told Inc42 that $350 Mn to $380 Mn in the round will come via a primary transaction.

The funding round valued the quick commerce startup at $7 Bn, marking a jump from its $5 Bn valuation in late 2024. The quick commerce unicorn raised over $1 Bn in fresh capital in 2024.

“We now have approximately $900 Mn of net cash in bank and (are) more than well-capitalised for the future,” said Zepto cofounder Aadit Palicha.

(The story will be updated soon)