Zepto Secures $400M Funding Led by CalPERS as Indian Quick Commerce Market Expands Rapidly
Indian quick commerce platform Zepto has reportedly raised $400 million in a funding round led by California Public Employees’ Retirement System (CalPERS), according to sources. The funding comes as the company plans to go public next year and faces increasing competition in India’s rapidly growing quick commerce market.
Major Funding Round for Quick Commerce Startup
Indian startup Zepto has reportedly raised $400 million in a funding round led by new investor California Public Employees’ Retirement System (CalPERS), according to recent reports. Sources indicate the investment round, which includes both primary and secondary components, also saw participation from existing investors including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group, and Nexus Venture Partners. The funding reportedly values the company significantly, with analysts suggesting this positions Zepto for a potential public listing next year.