Zepto Raises $665 Million in Series F Funding to Further Entrench Dominance in Quick Commerce

Zepto Raises $665 Million in Series F Funding to Further Entrench Dominance in Quick Commerce.

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New investors include Avenir, Lightspeed, and Avra, while returning investors Glade Brook, Nexus, and StepStone continue to support Zepto's expansion.

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The capital will be used to enhance Zepto's competitive edge against BlinkIt and Swiggy Instamart, focusing on sustainable growth strategies.

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Zepto reports 140% year-on-year growth and a $1 billion annualized gross merchandise value, with 75% of its stores achieving EBITDA positivity.

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Founders Aadit Palicha and Kaivalya Vohra view this funding as pre-IPO financing, strengthening Zepto’s balance sheet for a significant IPO.

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This funding round positions Zepto to scale effectively and maintain its strong presence in India's competitive quick commerce sector.

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