In a significant development within India's burgeoning quick commerce sector, Zepto, a Mumbai-based startup specializing in rapid grocery deliveries, has announced the successful closure of a $450 million funding round. This investment elevates the company's valuation to $7 billion, marking a notable increase from its previous valuation of $5 billion in 2024.
Investor Confidence and Strategic Partnerships
The latest funding round was led by the California Public Employees' Retirement System (CalPERS), a prominent U.S.-based pension fund. Existing investors, including Avenir, Avra, Lightspeed, Glade Brook, The Stepstone Group, and Nexus Venture Partners, also participated in this round. Acc
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