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Zepto

Quick CommerceMumbai, India

Indian quick commerce platform delivering groceries and general merchandise from a network of dark stores.

3StartupFox stories
2021Founded
Quick CommerceSector
Jul 2026Latest coverage

Funding

Zepto has raised $2.37B across 9 disclosed rounds, most recently a Series H in Oct 2025.

$2.37BRaised
Series HLatest round · Oct 2025
$7BValuation
9Events
Series HOct 2025reported
$450M
InvestorsCalPERS, Avenir Growth, Avra, Lightspeed, Glade Brook Capital, StepStone Group, Nexus Venture Partners
Valuation$7B
Tap any bar to see that round
Oct 2025Series H$450MCalPERS, Avenir Growth, Avra, Lightspeed, Glade Brook Capital, StepStone Group, Nexus Venture Partners $7B
Nov 2024Domestic Round$350MMotilal Oswal Private Wealth, Mankind Pharma Family Office, RP-Sanjiv Goenka Group, Haldiram Snacks Family Office, Cello Family Office $5B
Aug 2024Series G$340MGeneral Catalyst, Mars Growth Capital, Dragoneer, StepStone Group $5B
Jun 2024Series F$665MGlade Brook Capital, Nexus Venture Partners, StepStone Group, Avenir Growth, Lightspeed $3.6B
Aug 2023Series E$200MStepStone Group, Goodwater Capital, Nexus Venture Partners, Glade Brook Capital, Lachy Groom $1.4B
May 2022Series D$200MY Combinator Continuity, Nexus Venture Partners, Glade Brook Capital, Lachy Groom $900M
Dec 2021Series C$100MY Combinator Continuity, Nexus Venture Partners, Glade Brook Capital $570M
Oct 2021Series A$60MGlade Brook Capital, Nexus Venture Partners, Y Combinator $225M
Jan 2021Pre-Seed$730KGlobal Founders Capital, Contrary Capital

Valuation journey

Price marks from disclosed rounds — Zepto has been a unicorn since Aug 2023, last reported at $7B (unconfirmed).

$1.9B$3.9B$5.8B$7.7B $225M$570M$900M$1.4B$3.6B$5B$5B$7B OCT 2021DEC 2021MAY 2022AUG 2023JUN 2024AUG 2024NOV 2024OCT 2025
◉ Disclosed at round◌ Reported, unconfirmed
Series H · $450MOct 2025reported
$7B
Step-up1.4× vs Nov 2024
Tap any mark to see that valuation

Investor roster

Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.

New · Latest leadCalPERS1 round · 2025
Glade Brook Capital6 rounds · since 2021
Nexus Venture Partners6 rounds · since 2021
StepStone Group4 rounds · since 2023
Avenir Growth2 rounds · since 2024
Lightspeed2 rounds · since 2024
Lachy Groom2 rounds · since 2022
Y Combinator Continuity2 rounds · since 2021
Avra1 round · 2025
Cello Family Office1 round · 2024
Dragoneer1 round · 2024
General Catalyst1 round · 2024
Haldiram Snacks Family Office1 round · 2024
Mankind Pharma Family Office1 round · 2024
Mars Growth Capital1 round · 2024
Motilal Oswal Private Wealth1 round · 2024
RP-Sanjiv Goenka Group1 round · 2024
Goodwater Capital1 round · 2023
Aggregated automatically from the disclosed rounds above.

Financials

Revenue and profit after tax as filed with the Registrar of Companies.

FY26Revenuefiled
₹22,624 Cr
PAT₹5,905 Cr loss
EBITDA
Growth+104% YoY
Basisconsolidated
Per UDRHP; 1,139 dark stores and 1.75M orders/day as of Mar 2026; EBITDA margin −23.2%
Tap any bar to see that year
₹ figures as filed, not restated

Leadership

APAadit PalichaCo-founder · CEOKVKaivalya VohraCo-founder

The Zepto journey

2021 · founded
Founded in Mumbai by Aadit Palicha, Kaivalya Vohra.
Jan 2021 · funding
Pre-Seed — $730K, led by Global Founders Capital.
Oct 2021 · funding
Series A — $60M at $225M, led by Glade Brook Capital.
Dec 2021 · funding
Series C — $100M at $570M, led by Y Combinator Continuity.
May 2022 · funding
Series D — $200M at $900M, led by Y Combinator Continuity.
Aug 2023 · funding
Series E — $200M at $1.4B, led by StepStone Group.
Jun 2024 · funding
Series F — $665M at $3.6B, led by Glade Brook Capital.
Aug 2024 · funding
Series G — $340M at $5B, led by General Catalyst.
Nov 2024 · funding
Domestic Round — $350M at $5B, led by Motilal Oswal Private Wealth.
Oct 2025 · funding
Series H — $450M at $7B, led by CalPERS.
IPO Watchconfirmed
StatusUpdated DRHP (UDRHP) filed; IPO process underway
DRHPUDRHP with FY26 financials — reported Jun 2026
ExpectedListing window not announced
UDRHP consolidated statements show FY26 revenue of ₹22,624 Cr with a ₹5,905 Cr loss. Source ↗

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Latest on Zepto

Markets & IPO
Zepto Investors Discuss Revised $3 Billion Post-Money IPO Valuation, Down From $7 Billion Peak
29 JUL 2026 · 4 MIN READ
Lite Updates
Vir Das Receives Fake ₹50,000 Apple Watch via Zepto; Company Issues Replacement
16 JUN 2026 · 4 MIN READ
Lite Updates
Zepto Launches In-House Pay Later Facility With ₹10,000 Credit Limit
25 MAR 2026 · 2 MIN READ

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Frequently Asked

What is Zepto?

Indian quick commerce platform delivering groceries and general merchandise from a network of dark stores.

Who founded Zepto?

Zepto is associated with Aadit Palicha, Kaivalya Vohra.

How much funding has Zepto raised?

Zepto has raised $2.37B across 9 disclosed rounds. The most recent was a $450M Series H in Oct 2025.

Who are Zepto's investors?

Disclosed investors in Zepto include CalPERS, Avenir Growth, Avra, Lightspeed, Glade Brook Capital, StepStone Group, Nexus Venture Partners, Motilal Oswal Private Wealth, Mankind Pharma Family Office, RP-Sanjiv Goenka Group, Haldiram Snacks Family Office, Cello Family Office.

What is Zepto's valuation?

Zepto was last reported at $7B, at the time of its Series H in Oct 2025.

Is Zepto profitable?

Per its FY26 consolidated filing, Zepto reported ₹22,624 Cr in revenue, with a ₹5,905 Cr loss.

What is the status of the Zepto IPO?

Updated DRHP (UDRHP) filed; IPO process underway. DRHP: UDRHP with FY26 financials — reported Jun 2026.

What is the latest news on Zepto?

The most recent StartupFox coverage is “Zepto Investors Discuss Revised $3 Billion Post-Money IPO Valuation, Down From $7 Billion Peak” (29 July 2026). All stories are listed on this page.