Zepto has raised $450 million in new funding, valuing the company at $7 billion. This round is seen as its last before a possible IPO next year.
The funding saw participation from major investors like CalPERS, General Catalyst, Goodwater Capital, and Lightspeed Ventures. Zepto now holds around $900 million in cash.
The quick-commerce firm faces tough competition from Swiggy’s Instamart and Eternal’s Blinkit as demand for 10-minute delivery continues to surge in Indian cities.
Zepto may push its IPO to 2026 to focus on profitability, but experts say this funding round could be the final boost before it hits the public market. #Zepto #IPO
