Quick commerce player Zepto is in final talks to raise $500 million from General Catalyst, Avenir, and others at a $7 billion valuation, signaling renewed investor confidence ahead of its IPO.
India’s fast-growing quick commerce startup Zepto is set to raise $450–500 million in a new funding round led by General Catalyst and Avenir Growth, with the company’s valuation surging 40% to $7 billion, according to sources familiar with the deal. The round is expected to close within a month, with select public market-focused investors also likely to participate.
This comes less than a year after Zepto raised $1.35 billion at a $5 billion valuation, underlining investor appetite for India’s ultra-fast grocery delivery sector. The development is key for IPO-watchers, as Zepto is reportedly preparing for a public listing in the next 12–18 months.
🔹 Highlight: Zepto valuation climbs to $7B; fresh capital to fuel growth amid Swiggy, Blinkit rivalry
🔹 Fundraise Breakdown: Existing backers to invest pro-rata; select new FIIs may join
Also Read : Travel Food Services IPO Subscribed 1.34x; Flat GMP Ahead of July 14 Listing
Domestic Ownership Drops but IPO Strategy Intact
As foreign institutional investors anchor the latest round, Zepto’s Indian ownership will drop from 40% to 35%, reversing gains made through recent secondary deals where firms like Motilal Oswal and Calypond Capital acquired stakes.
CEO Aadit Palicha remains focused on building domestic capital ahead of IPO, with Zepto confident it will be majority Indian-owned at the time of listing — a key factor for local market sentiment.
🔹 IPO Watch: Zepto plans domestic listing; domestic vs FII mix closely tracked
🔹 Sector Impact: Watch Blinkit (Zomato), Swiggy (Prosus), BigBasket (Tata) in near-term
