Zepto Raises $450 Million, Valuation Hits $7 Billion as Quick Commerce Surge Continues
India’s quick commerce unicorn Zepto has closed a massive $450 million funding round, catapulting its valuation to $7 billion and positioning it among the most valuable startups in the country. The round, announced on October 16, 2025, was led by the California Public Employees’ Retirement System (CalPERS), with participation from existing investors including Avenir, Avra,…