Quick commerce player Zepto is in the final stages of raising $450–500 million in a new funding round, which would peg the company’s post-money valuation at $7 billion—a significant 40% jump from its $5 billion valuation during the previous fundraise in 2023.
The fresh round will see substantial contributions from existing backers General Catalyst and Avenir Growth, with other current investors expected to participate on a pro rata basis. Sources suggest that one or two public-market-focused investors may also join the round. The transaction is expected to close within the next four weeks.
This new capital infusion comes amid intensifying competition in India’s quick commerce landscape. Zepto is contending with established rivals such as Blinkit (Eternal) and Instamart (Swiggy), while players like BigBasket and Flipkart Minutes continue to diversify offerings, expanding into categories such as large appliances and leveraging brand partnerships to capture additional market share.
With this latest fundraise, Zepto aims to consolidate its position in the fast-evolving sector and double down on growth and operational expansion.
