Zepto raises $450 million at $7 billion valuation; CEO Palicha says, 'We now have $900 million in cash'

Aadit Palicha-led Zepto today announced the successful closure of approximately $450 million or over Rs 3,900 crore in recent funding, comprising a mix of primary and secondary transactions, with a majority in primary.

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The round was led by the United States pension fund California Public Employees’ Retirement System (CalPERS) and other investors.

Earlier this month, it was reported that Zepto is in talks to raise between $400 million and $450 million (Rs 3,500-3,900 crore) in fresh funding at $7 billion valuation.

Now that the round has taken place, the 10-minute delivery major, which competes with Zomato’s Blinkit, has $900 million in net cash reserves.

Aadit Palicha, CEO & Co-founder at Zepto, said, “This financing is a reflection of our team’s execution to grow the business rapidly while consistently building operating leverage. We now have approximately $900M of net cash in bank and more than well-capitalised for the future.”

Vivek Subramanian, said, “Zepto scaled order volume 200% over the past 18 months and was still able to consistently turn more and more of their stores profitable even as they invested in growth. That performance, and the $500B+ Indian Grocery opportunity, gave us conviction that Zepto is building a generational consumer internet company.”

Zepto reported revenue of nearly Rs 11,110 crore in the financial year 2025 (FY25), marking a 150% increase from Rs 4,454.5 crore in FY24.

It’s worth noting that Amazon India and Flipkart have already entered the quick commerce space, further intensifying competition for existing players such as Swiggy Instamart, Zepto, and Blinkit.