Zepto funding, investors and company details

Zepto is an emerging Quick Commerce startup from Bengaluru, working in the space of Quick Commerce / Online Grocery Delivery. Founded by Aadit Palicha, Kaivalya Vohra.

Company: Zepto Private Limited
Sector: Quick Commerce
Location: Bengaluru
Founders: Aadit Palicha, Kaivalya Vohra

Company overview

Aadit Palicha and Kaivalya Vohra launched the Indian quick-commerce business Zepto in July 2021. Zepto, which has its headquartein Bengaluru, Karnataka, specializes on providing groceries and necessities within ten minutes via a network of more than 250 dark stores located throughout India's largest cities. In order to concentrate on quick grocery delivery, the company changed its name from KiranaKart to Zepto in 2021. Zepto has grown significantly, raising more than $1.5 billion and reaching a $5 billion valuation by the middle of 2024. Zepto has a 28% market share in India's quick-commerce industry and reported a total merchandise value of more than $1 billion in 2024. By March 2025, the firm intends to have more than 700 dark retail locations.

Funding rounds

Latest round: $ 450.00 Mn (₹3,955.95 Cr.), 2025-10-17. Investors: California Public Employees Retirement System (CalPERS)
Past round (Series G): ₹400.00 Cr. ($ 45.37 Mn), 2025-08-13. Investors: Motilal Oswal
Past round (Series G): ₹25.00 Cr. ($ 2.84 Mn), 2025-08-08. Investors: MapmyIndia
Past round (Series G): $ 0.86 Mn (₹7.53 Cr.), 2025-07-29. Investors: Elcid Investments
Past round: $ 340.00 Mn (₹2,851.58 Cr.), 2024-08-14
Past round (Series E): $ 31.00 Mn (₹258.42 Cr.), 2023-11-08. Investors: Goodwater Capital, Nexus Venture Partners
Past round: $ 200.00 Mn (₹1,654.00 Cr.), 2023-08-26. Investors: StepStone Group, Goodwater Capital
Past round (Series D): $ 200.00 Mn (₹1,551.40 Cr.), 2022-05-03. Investors: Y Combinator