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Zepto bags $450 mn from US pension fund, early investors
Mint New Delhi
|October 17, 2025
Quick-commerce platform Zepto has raised $450 million at a valuation of $7 billion, led by US-based pension fund Cal. ifornia Public Employees’ Retirement System (CalPERS), itsaid inastatement.
Existing backers Avenir Growth, Avra, Lightspeed, Glade Brook, The Stepstone Group, and Nexus Venture Partners also participated in the round.
“This financing round is a reflection of our team’s execution to grow the business rapidly while consistently building operating leverage. We now have approximately $900 million of net cash in the bank and are more than well-capitalized for the future,” Aadit Palicha, co-founder and chief executive officer of Zepto, said inthe statement.
This story is from the October 17, 2025 edition of Mint New Delhi.
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