Zepto
About Zepto
Zepto is a eCommerce startup based in Bengaluru, Karnataka, India that has raised $2.4B in venture capital across 9 funding rounds since 2021. The company reached Pre-IPO stage in January 2021 with a $0.73M round led by Contrary Capital at a $2.5M valuation. Zepto's investor base includes 10 institutional funds, with Contrary Capital leading the most recent equity round.
Zepto is an Indian quick-commerce platform that delivers groceries and essentials to customers in ten minutes through a network of dark stores (micro-fulfillment centers). Founded in July 2021 by Stanford dropouts Aadit Palicha (CEO) and Kaivalya Vohra (CTO, Head of Product & Technology), the company grew out of KiranaKart, a hyperlocal delivery experiment the two founders built during the COVID-19 pandemic at age 17. Zepto joined Y Combinator's Winter 2021 cohort, then raised nine funding rounds over four years to reach a $7 billion valuation. As of early 2026, the platform operates more than 1,000 dark stores across 80+ Indian cities, processes 1.7 million daily orders, and serves over 10 million monthly users. The Zepto Cafe line — a ready-to-eat delivery vertical launched in April 2022 — reached a $110 million annual run rate by 2025. Zepto competes directly with Blinkit (Zomato), Swiggy Instamart, Amazon Now, and Flipkart Minutes in India's fast-growing quick-commerce sector. In May 2026, the company received SEBI approval for a $1.2 billion IPO, targeting a June 2026 market debut that would make Zepto one of the largest technology listings in Indian history.
Zepto Funding Rounds Timeline
9 rounds · $2.4B raised · since 2021
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Pre-Seed (YC) | January 2021 | $0.73M | $2.5M | Contrary Capital | — |
| Series A | October 2021 | $60M | $225M | Glade Brook Capital | Nexus Venture Partners, DST Global |
| Series C | December 2021 | $100M | $570M | Y Combinator | — |
| Series D | May 2022 | $200M | $900M | Y Combinator | — |
| Series E | August 2023 | $200M | $1.4B | StepStone Group | Lightspeed Venture Partners, Dragon Fund |
| Series F | June 2024 | $665M | $3.6B | Glade Brook Capital | Nexus Venture Partners, StepStone Group, General Catalyst |
| Series G | August 2024 | $340M | $5B | General Catalyst | — |
| Domestic Round | November 2024 | $350M | $5B | — | — |
| Series H | October 2025 | $450M | $7B | CalPERS | Glade Brook Capital, Nexus Venture Partners, StepStone Group, Lightspeed Venture Partners |
Investors in Zepto
10 institutional investors across 9 rounds
Lead investors
Co-investors
Recent news about Zepto
Questions about Zepto
How much has Zepto raised?
Zepto has raised $2.4B across 9 funding rounds since 2021.
Who are the investors of Zepto?
Zepto's investors include Contrary Capital, Glade Brook Capital, Y Combinator, StepStone Group, General Catalyst, CalPERS, Nexus Venture Partners, Lightspeed Venture Partners, DST Global, Dragon Fund.
When was Zepto's last funding round?
Zepto's most recent round was a $0.73M Pre-Seed (YC) in January 2021, led by Contrary Capital.
What is Zepto's valuation?
Zepto reached a $7B valuation (unicorn status) with its Pre-Seed (YC) round in January 2021.
Where is Zepto headquartered?
Zepto is headquartered in Bengaluru, Karnataka, India, and was founded in 2021 by Aadit Palicha, Kaivalya Vohra.