Zepto to raise $400 mn at $7 bn valuation: Sources
Sources indicate Zepto is set to raise around $400 million at a $7 billion valuation, with US pension fund CalPERS leading the round. Existing investors including General Catalyst and Lightspeed are expected to participate. The fresh funding will support Zepto’s growth plans and strengthen its position in India’s competitive quick-commerce sector alongside Blinkit and Swiggy Instamart.