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Zepto Revenue, Valuation, Funding & Investors
Zepto is valued at $4.5B as of August 2026, a 1.9x revenue multiple. Zepto revenue was $2.4B, as disclosed with its latest round.
Last Zepto valuation
$4.5B
Undisclosed stage · Aug 2026
Last Zepto funding round
$105M
Undisclosed stage · Aug 2026
Zepto revenue
$2.4B
Undisclosed stage · Aug 2026
Key investors in Zepto
Nexus Venture Partners
Contrary
Glade Brook Capital Partners
Goodwater Capital
Lachy Groom
Y Combinator
About Zepto
Zepto is an Indian quick-commerce company headquartered in Bengaluru that delivers groceries and household essentials to customers in about ten minutes from a network of dark stores. It began as KiranaKart and was founded in July 2021 by Aadit Palicha and Kaivalya Vohra, two Stanford dropouts. The company moved its domicile from Singapore to India and trades as Zepto Private Limited. Its revenue from operations grew from Rs 4,455 crore in the year to March 2024 to Rs 11,110 crore in FY25 and Rs 22,624 crore in FY26, and its dark stores grew from 337 to more than 1,300 over the last year. Zepto raised funding from Nexus Venture Partners, Glade Brook, StepStone, General Catalyst and CalPERS, reaching a USD 7 billion valuation in October 2025. It filed for a stock market listing in India and postponed the offering in August 2026.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$2.4B (Aug 2026)
Valuation
$4.5B (Aug 2026)
Zepto Valuation
Zepto is currently valued at $4.5B, based on its undisclosed-stage round in August 2026. Read the announcement ↗
The $105M round included General Catalyst, Glade Brook Capital Partners, Goodwater Capital and Nexus Venture Partners.
Zepto's valuation has grown 20x from $225M at its Series B in October 2021 to $4.5B in August 2026, across 14 priced rounds.
Zepto valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2026 | Undisclosed stage | $4.5B | 1.9x |
| Oct 2025 | Series H | $7B | 5.6x |
| Aug 2025 | Undisclosed stage | $5.4B | 4.3x |
| Aug 2025 | Undisclosed stage | $6.1B | 4.8x |
| Jul 2025 | Undisclosed stage | $5.9B | 4.7x |
| May 2025 | Secondary | $5B | 4.2x |
| Nov 2024 | Series G | $5B | 9.5x |
| Aug 2024 | Series G | $5B | 9.4x |
| Jun 2024 | Series F | $3.6B | 6.7x |
| Nov 2023 | Series E | $1.4B | 5.8x |
| Aug 2023 | Series E | $1.4B | 5.7x |
| May 2022 | Series D | $900M | 4.5x |
| Dec 2021 | Series C | $570M | 30.2x |
| Oct 2021 | Series B | $225M | 12.0x |
Zepto Revenue
Zepto's latest recorded revenue is $2.4B, as of its undisclosed-stage round in August 2026. At a $4.5B valuation, that implies a 1.9x revenue multiple.
Revenue grew from $19M in October 2021 to $2.4B in August 2026, while the revenue multiple moved from 12.0x to 1.9x.
Zepto revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2026 | $2.4B | $4.5B | 1.9x | Undisclosed stage |
| Oct 2025 | $1.3B | $7B | 5.6x | Series H |
| Aug 2025 | $1.3B | $5.4B | 4.3x | Undisclosed stage |
| Aug 2025 | $1.3B | $6.1B | 4.8x | Undisclosed stage |
| Jul 2025 | $1.3B | $5.9B | 4.7x | Undisclosed stage |
| May 2025 | $1.2B | $5B | 4.2x | Secondary |
| Nov 2024 | $527M | $5B | 9.5x | Series G |
| Aug 2024 | $531M | $5B | 9.4x | Series G |
| Jun 2024 | $534M | $3.6B | 6.7x | Series F |
| Nov 2023 | $243M | $1.4B | 5.8x | Series E |
| Aug 2023 | $245M | $1.4B | 5.7x | Series E |
| May 2022 | $200M | $900M | 4.5x | Series D |
| Dec 2021 | $19M | $570M | 30.2x | Series C |
| Oct 2021 | $19M | $225M | 12.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Zepto Funding History
Zepto has raised a total of $2.6B across 14 funding rounds, plus 1 secondary share sale.
Zepto's first fundraising round was a $500K seed round in September 2020. The most recent completed round was a $105M undisclosed-stage round in August 2026.
Zepto funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | General Catalyst; Glade Brook Capital Partners; Goodwater Capital; Nexus Venture Partners | $105M | $4.5B | Zepto announced on August 1, 2026 that it had agreed with major shareholders to close a primary pre-IPO private placement of equity ahead of its planned stock market listing. Media reports put the amount at more than 1,000 crore rupees, about 105 million dollars, and the valuation at about 4.5 billion dollars or 42,925 crore rupees, well below the 7 billion dollar valuation of its October 2025 round, and the company did not name the investors. Business Standard reported that the money was expected to come mainly from domestic investors to lift Indian ownership, then about 40 percent, with existing backers such as Motilal Oswal Financial Services, General Catalyst, Goodwater Capital, Glade Brook and Nexus Venture Partners expected to take part. The placement came after Zepto put its initial public offering on hold for one to two quarters in July 2026, having filed an updated draft prospectus in June 2026 for a fresh issue of 8,010 crore rupees. Zepto said it held 5,681 crore rupees of cash and no debt on March 31, 2026. For the year ended March 2026 it reported revenue from operations of 22,623.6 crore rupees and a net loss of 5,905.2 crore rupees. |
| Oct 2025 | Series H | CalPERS (lead); General Catalyst; Glade Brook Capital Partners; StepStone Group; Goodwater Capital; Lightspeed Venture Partners; Avra Capital; Avenir; Nexus Venture Partners | $450M | $7B | Zepto, an Indian quick-commerce startup delivering groceries and essentials in under 10 minutes, closed a $450 million funding round on October 16, 2025, led by CalPERS with participation from existing investors including Avenir, Avra, General Catalyst, Glade Brook Capital Partners, Lightspeed Venture Partners, Nexus Venture Partners, and StepStone Group. The round, a mix of primary (around $300-380 million) and secondary transactions, valued the company at $7 billion post-money, up 40% from $5 billion in its prior November 2024 round of $350 million. This pre-IPO financing boosted Zepto's cash reserves to nearly $900 million, intended to strengthen its balance sheet, fuel operational expansion, and support path to public listing soon. Zepto's revenue grew 2.5x year-on-year to Rs 11,110 crore in FY2025 (ending March 2025), from Rs 4,455 crore in FY2024 and Rs 2,024 crore in FY2023, reflecting consistent doubling of top-line growth per ROC filings. The company has raised about $3 billion total, with two-thirds in the last 18 months, positioning it strongly amid intensifying competition in India's $7 billion quick-commerce market against Blinkit, Swiggy Instamart, BigBasket, Flipkart Minutes, and Amazon. CEO Aadit Palicha highlighted the round as validation of rapid growth and operating leverage improvements, with focus on unit economics and curbing cash burn ahead of IPO. Recent smaller raises included Rs 400 crore from Motilal Oswal in August 2025. Zepto aims to increase domestic ownership above 50% pre-listing via secondary sales, currently at 18-20% post-round. |
| Aug 2025 | Undisclosed stage | Motilal Oswal (lead) | $46M | $5.4B | Zepto is a quick commerce startup operating in India's 10-minute delivery market, competing with players such as Swiggy's Instamart, Blinkit, and BigBasket. The company has grown rapidly since its founding, achieving unicorn status in August 2023 after raising over $200 million at a $1.4 billion valuation. Motilal Oswal Financial Services invested Rs 400 crore (approximately $47.7 million USD) in Zepto through a secondary share purchase, acquiring 7.54 crore compulsorily convertible preference shares. This transaction was disclosed in a regulatory filing on August 12, 2025, at a company valuation of $5.4 billion (Rs 47,298 crore). Motilal Oswal was an existing investor, having previously participated in a funding round in November 2024. For fiscal year FY25, Zepto reported revenue of Rs 11,109 crore, representing sharp growth from Rs 4,454 crore in FY24, which itself had more than doubled from Rs 2,024.40 crore in FY23. The company is actively managing cash burn while preparing for a public listing expected in 2026. Indian institutional investors and family offices have significantly increased their ownership stakes in recent months, with domestic ownership reaching approximately 40 percent of the company following secondary transactions and the broader fundraising activity. Zepto had previously raised $340 million at a $5 billion valuation in 2024. The company subsequently closed a larger $450 million primary funding round at a $7 billion valuation led by US pension fund CalPERS and existing investors General Catalyst and Avenir Growth, representing a 40 percent valuation increase from the prior year. |
| Aug 2025 | Undisclosed stage | MapmyIndia (lead) | $3M | $6.1B | Zepto is a quick commerce platform founded in 2021, delivering groceries and essentials rapidly in India. In August 2025, digital navigation firm MapmyIndia, formally C.E. Info Systems Limited, invested Rs 25 crore ($2.9 million) in Zepto by acquiring 75,18,797 compulsorily convertible preference shares (CCPS) at Rs 33.25 each, equating to a 0.049% stake on a fully diluted basis at a $6.1 billion valuation. This cash transaction, expected to complete within three months, aims to expand MapmyIndia's mapping and location-based solutions in quick commerce. The investment marks up from Zepto's prior $5 billion valuation. Shortly before, Zepto secured Rs 7.5 crore from Elcid Investments. This preceded a larger $450 million funding round in October 2025 valuing Zepto at $7 billion, led by CalPERS with participation from Goodwater Capital, General Catalyst, and others, comprising primary and secondary transactions, leaving $900 million net cash. Zepto reported turnover of Rs 4,454.52 crore in FY24, with strong revenue growth. Daily orders scaled from 0.5 million to 1.7 million, and store-level profitability improved amid competition in India's $500 billion+ grocery market. The company has raised nearly $2 billion in financing over the prior 18 months. |
| Jul 2025 | Undisclosed stage | Elcid Investments (lead) | $900K | $5.9B | Elcid Investments, a BSE-listed non-banking finance company, said on July 28, 2025 that it would invest up to 7.5 crore rupees in Zepto by subscribing to compulsorily convertible preference shares at 33.25 rupees each, a stake of about 0.0146 percent. The filing valued Zepto at about 5.9 billion dollars, a step up from the 5 billion dollars of its November 2024 round, and the deal was expected to close within 25 days. It was one of several small domestic investments made ahead of the company's planned listing, followed within weeks by MapmyIndia and Motilal Oswal Financial Services, as Zepto worked to raise Indian ownership toward half of its capital. Elcid's filing put Zepto's turnover at 11,109.9 crore rupees for the year ended March 2025, up from 4,454 crore rupees a year earlier. Zepto is a quick-commerce company that delivers groceries in about 10 minutes from dark stores, and it raised 450 million dollars at a valuation of 7 billion dollars in October 2025. |
| May 2025 | Secondary | Motilal Oswal (lead); Raamdeo Agrawal (lead) | $100M | $5B | Motilal Oswal and Raamdeo Agrawal, the two co-founders of Motilal Oswal Financial Services, bought Zepto shares worth about 100 million dollars in May 2025, each putting in roughly 50 million dollars in a personal capacity. Business Standard reported that they bought from the quick-commerce company's early investors, mainly foreign backers, at the earlier valuation of 5 billion dollars set in August 2024 so as to make the purchase attractive to domestic investors. The purchases were part of a push to raise Indian ownership of Zepto toward about half of its capital before a planned stock market listing, and the newspaper added that the Motilal Oswal group was leading a separate secondary round of more than 250 million dollars. Zepto delivers groceries in about 10 minutes from dark stores across Indian cities and competes with Blinkit and Swiggy Instamart. It reported revenue from operations of about 11,110 crore rupees for the year ended March 2025 and raised 450 million dollars at a valuation of 7 billion dollars in October 2025. |
| Nov 2024 | Series G | Motilal Oswal (lead); Narotam Sekhsaria Family Office; Sachin Tendulkar; Mankind Group Family office; Raamdeo Agrawal; RP-Sanjiv Goenka Group; Abhishek Bachchan; Haldiram’s Family Office | $350M | $5B | Zepto, a Bengaluru-based quick commerce startup specializing in 10-minute deliveries, raised $350 million (Rs 3,070 crore) in November 2024 from domestic investors led by Motilal Oswal's private wealth division, at a flat post-money valuation of $5 billion. Participants included Motilal Oswal AMC, Raamdeo Agarwal, family offices of Mankind Pharma, RP Sanjiv Goenka Group, Cello, Haldiram Snacks, Kalyan, Taparia, Sekhsaria, Happy Forgings, and Mothers Recipe (Desai Brothers), as well as celebrities Abhishek Bachchan and Sachin Tendulkar. This marked Zepto's third funding round in six months, bringing its 2024 total raises to over $1 billion, following a $340 million extension in August and $665 million in June at $3.6 billion valuation. The round reflects strong investor interest in India's quick commerce sector amid rapid consumer adoption in metros. Zepto operates over 550 dark stores across 17 cities, competing with Blinkit (46% market share), Zepto (29%), and Instamart (25%) based on Q1 FY25 data. Motilal Oswal views Zepto as a potential free cash flow powerhouse in digital businesses. Subsequent developments include MapmyIndia's Rs 25 crore investment for 0.049% stake at $5.9 billion valuation, Elcid's Rs 7.5 crore at the same valuation, and Motilal Oswal's additional Rs 400 crore ($45.6 million) for 0.78% stake. Zepto is in talks for $450-500 million at $7 billion valuation. |
| Aug 2024 | Series G | General Catalyst (lead); Mars Growth Capital (lead); Epiq Capital; StepStone Group; Dragon Fund; Lightspeed Venture Partners; Avra Capital; Avenir; Contrary; DST Global | $340M | $5B | Zepto is an Indian quick-commerce startup delivering groceries and essentials in minutes via dark stores in urban areas, competing with Blinkit and Swiggy Instamart. Founded by Aadit Palicha and Kaivalya Vohra, it raised $340 million in primary equity capital in August 2024, led by General Catalyst ($250 million) and Mars Growth Capital ($50 million), with participation from Epiq Capital, Dragon Fund, and existing investors like DST Global, Lightspeed, and StepStone. This followed a $665 million June 2024 round at $3.6 billion post-money, bringing two-month total to $1 billion and overall funding to ~$1.6 billion. The August round valued Zepto at $5 billion post-money ($4.6 billion pre-money), a 3.5x increase from $1.4 billion in August 2023, reflecting investor confidence in quick-commerce growth amid sector capital influx. Neeraj Arora from General Catalyst joined the board. Funds strengthen balance sheet for expansion to top 40 Indian cities, aiming to surpass DMart's valuation beyond $30 billion long-term. Financials show FY23 operating revenue of Rs 2,024 crore (up 1321.7% YoY from Rs 142.36 crore FY22), but net losses widened to Rs 1,272 crore (up 226.2% YoY); FY24 results pending. India's quick-commerce market projected to reach $7 billion GMV, growing 35%. |
| Jun 2024 | Series F | Glade Brook Capital Partners (lead); Nexus Venture Partners (lead); StepStone Group (lead); Goodwater Capital; Lightspeed Venture Partners; Avra Capital; Avenir; Lachy Groom; Contrary; DST Global | $665M | $3.6B | Zepto, a Mumbai-based quick commerce startup specializing in 10-15 minute grocery and essentials delivery via dark stores, raised $665 million in a highly oversubscribed Series F round on June 20, 2024, at a post-money valuation of $3.6 billion, more than doubling from $1.4 billion nine months prior. The round was co-led by existing investors Glade Brook Capital Partners, Nexus Venture Partners, and StepStone Group, with participation from new investors Avenir, Lightspeed Venture Partners, and Avra, alongside Goodwater Capital, Lachy Groom, Contrary, and DST Global. Zepto operates around 350 dark stores across 10 cities, planning to double to over 700 by March 2025 while entering new markets like Ahmedabad, Chandigarh, and Jaipur. About 75% of its stores are EBITDA positive as of May 2024, with profitability timelines shrinking from 23 months to six months; the company claims near EBITDA positivity at the overall level. Gross merchandise value has grown year-on-year to over $1 billion annualized, with revenue up 140% year-over-year, though exact revenue figures are not disclosed. CEO Aadit Palicha emphasized fiscal discipline, reinvesting profits from mature stores to fuel expansion and new categories like Zepto Pass, positioning for an IPO soon. Zepto competes intensely with Zomato's Blinkit and Swiggy Instamart in India's $150 billion quick commerce TAM across top cities, amid rising competition from Flipkart and JioMart. The funding supports headcount growth from 1,600 to over 2,000 and network expansion with 50,000+ delivery partners. |
| Nov 2023 | Series E | Goodwater Capital (lead); Nexus Venture Partners (lead); Lish Lee Jung; Mangum II; Oliver Jung | $31M | $1.4B | Zepto added 31.25 million dollars to its Series E round in November 2023, about three months after the original 200 million dollar raise at a valuation of 1.4 billion dollars. Goodwater Capital and Nexus Venture Partners provided new money in the extension, and Inc42 reported that the angel investors Oliver and Lish Jung and the investment vehicle Mangum II LLC also took part. The extension followed the August 2023 main round led by StepStone Group, which had made Zepto India's first unicorn of the year. Zepto delivers groceries and everyday essentials in about 10 minutes from a network of dark stores in Indian metropolitan areas. It reported revenue from operations of about 2,025 crore rupees for the year ended March 2023, and it went on to raise 665 million dollars at a valuation of 3.6 billion dollars in June 2024. |
| Aug 2023 | Series E | StepStone Group (lead); Glade Brook Capital Partners; Goodwater Capital; Lachy Groom; Contrary; Nexus Venture Partners | $200M | $1.4B | Zepto raised 200 million dollars in its Series E round, announced on August 25, 2023, at a post-money valuation of 1.4 billion dollars, which made it India's first start-up unicorn of 2023. StepStone Group led the round in its first direct investment in an Indian company, and Goodwater Capital joined as a new investor alongside existing backers Nexus Venture Partners, Glade Brook Capital Partners, Lachy Groom and Contrary. The company said its sales had grown about 300 percent year on year and that it expected to reach 1 billion dollars of annualized sales within a few quarters, and it planned to use the money to add dark stores and deepen its presence in existing cities ahead of a possible listing in 2025. A further 31.25 million dollars was added to the same series in November 2023. Zepto delivers groceries and everyday essentials in about 10 minutes from dark stores in cities including Mumbai, Delhi and Bengaluru. It reported revenue from operations of about 2,025 crore rupees for the year ended March 2023. |
| May 2022 | Series D | Y Combinator (lead); Glade Brook Capital Partners; Kaiser Permanente; Lachy Groom; Contrary; Nexus Venture Partners | $200M | $900M | Zepto is an Indian quick-commerce startup founded in 2021 by Aadit Palicha and Kaivalya Vohra, who dropped out of Stanford, specializing in 10-minute grocery and daily essentials delivery via dark stores. Operational in 11 cities processing hundreds of thousands of orders daily, it competed in the hyper-competitive instant grocery space against players like Blinkit and Swiggy Instamart. In May 2022, Zepto raised $200 million in its Series D funding round led by Y Combinator Continuity Fund at a $900 million post-money valuation, up from $570 million in its prior Series C. Participants included Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital Partners, Contrary, and Lachy Groom, with no secondary sales. Total funding to date reached $360 million, aimed at expanding to more cities, growing dark store networks, and doubling workforce. At the time, Zepto reported annualized revenue between $200 million and $400 million, with monthly growth over 50%, 800% revenue increase in the latest quarter, and per-order expenses cut over fivefold. It projected reaching at least $1 billion annualized revenue by March 2023 end, amid 300% year-on-year sales growth. This round preceded rapid valuation jumps: Series E in August 2023 at $1.4 billion led by StepStone, then $3.6 billion in June 2024, and further raises pushing to $5 billion and beyond by 2025. Zepto shifted HQ to Bengaluru and eyed public listing. |
| Dec 2021 | Series C | Y Combinator (lead); Breyer Capital; Glade Brook Capital Partners; Global Founders Capital; Lachy Groom; Contrary; Nexus Venture Partners | $100M | $570M | Zepto, a Mumbai-based 10-minute grocery delivery startup founded by Stanford dropouts Aadit Palicha and Kaivalya Vohra, raised $100 million in a Series C funding round on December 21, 2021, led by Y Combinator Continuity Fund, with participation from Glade Brook Capital, Nexus Venture Partners, Breyer Capital, Lachy Groom, Global Founders Capital, and Contrary Capital. The round valued the company at $570 million post-money, doubling from $225-285 million after its prior $60 million raise in November 2021. Zepto operated in stealth for six months before launching in Mumbai and rapidly expanded to Bengaluru, Delhi, Gurugram, Chennai, Hyderabad, and Pune, with Kolkata planned next. The fresh capital was earmarked for expanding coverage across multiple Indian cities, scaling operations, building out logistics with micro-warehouses capable of over 2,500 orders per day, and rapidly growing the team across functions like operations, supply chain, marketing, finance, product, engineering, and HR. Zepto reported strong early traction, including 65% month-on-month buyer retention, an 88-point Net Promoter Score, tripling its user base monthly, adding 100,000 new customers weekly (60% women), and over 220% growth in the prior two months, demonstrating robust product-market fit in the quick commerce model. Zepto competed with established players like Swiggy Instamart and Blinkit (Zomato) in India's nascent 10-minute grocery delivery sector, leveraging a network of dark stores and a focus on logistics execution akin to DoorDash. Investors highlighted the founders' relentless focus and ability to scale to major metros in five months since pivoting to quick commerce in August 2021. This round brought Zepto's total funding to $160 million at the time, positioning it for national expansion amid a global quick commerce trend. |
| Oct 2021 | Series B | Glade Brook Capital Partners (lead); Y Combinator; Neeraj Arora; Global Founders Capital; Lachy Groom; Contrary; Nexus Venture Partners; Manik Gupta | $60M | $225M | Zepto raised 60 million dollars in its Series B round, announced on October 31, 2021, in what the company described as its first institutional financing. Glade Brook Capital Partners led the round, with participation from Nexus Venture Partners, Y Combinator, Global Founders Capital and the angel investors Lachy Groom, Neeraj Arora and Manik Gupta. The round valued Zepto at 225 million dollars. The company was founded by Aadit Palicha and Kaivalya Vohra, two 19-year-old Stanford University dropouts, and had operated largely in stealth for the six months before the announcement. It delivers groceries in about 10 minutes from a network of dark stores, or micro-warehouses, in Mumbai and other Indian cities, and said it would use the new capital to expand nationwide and add staff. Its valuation rose to 570 million dollars in the December 2021 Series C and 900 million dollars in the May 2022 Series D. |
| Sep 2020 | Seed | Contrary (lead); Y Combinator; Ricardo Schaefer; Global Founders Capital; Unpopular Ventures; 2am VC | $500K | - | Zepto, which started life as the grocery-delivery venture KiranaKart, raised an initial seed round of about 0.5 million dollars in 2020 from a group led by Contrary, with Global Founders Capital, Unpopular Ventures, Y Combinator and the angel investor Ricardo Schaefer among the backers. Other accounts of the same early financing describe a 730,000 dollar pre-seed round led by Contrary and Global Founders Capital that also included 2 AM Ventures and angels, so the exact size and date of the cheque differ between sources. Contrary has said it made its first investment in the founders in summer 2020, when they had left Stanford University and had no product, and the start-up went through the Y Combinator accelerator. KiranaKart delivered groceries from local kirana shops within about 45 minutes, was wound down in March 2021 and was replaced by Zepto, which launched 10-minute delivery from dark stores in 2021. The company was founded by Aadit Palicha and Kaivalya Vohra, who were both 19 years old when Zepto came out of stealth in October 2021. It later became one of the largest quick-commerce platforms in India and was valued at 7 billion dollars in October 2025. |
Who has invested in Zepto?
37 investors have backed Zepto across its funding rounds, including Nexus Venture Partners, Contrary, Glade Brook Capital Partners, Goodwater Capital, Lachy Groom and Y Combinator.
Lead investors include CalPERS, Motilal Oswal, MapmyIndia, Elcid Investments, Raamdeo Agrawal and 8 other investors.
Zepto Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 8 | Lead | Oct 2021 | ||
| 7 | Lead | Oct 2021 | ||
| 7 | Lead | Sep 2020 | ||
| 5 | Lead | Aug 2023 | ||
| 5 | Participant | Oct 2021 | ||
| 4 | Lead | Sep 2020 | ||
| 4 | Lead | Aug 2023 | ||
| 3 | Lead | Aug 2024 | ||
| 3 | Participant | Sep 2020 | ||
| 3 | Participant | Jun 2024 | ||
| 3 | Participant | Jun 2024 | ||
| 3 | Participant | Jun 2024 | ||
| 3 | Lead | Nov 2024 | ||
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Start Free TrialZepto Competitors
Zepto competitors include listed companies like Swiggy, Talabat and Grab, and private ones like Weee!, Rappi and OPay.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.4B | ($325M) | $4.9B | 1.3x | ||
| Private | $400M | - | $4.1B | 10.3x | ||
| Private | - | - | $5.3B | - | ||
| Publicly listed | $1.7B | $323M | $6.9B | 1.4x | ||
| Private | $536M | - | $2.8B | 73.7x | ||
| Publicly listed | $3.4B | $350M | $11B | 1.8x |
Zepto Public Comps
Zepto is still privately-owned, but its public comps include AUTO1 Group, Vend Marketplaces, Kakaku.com, Travel+Leisure, Openlane, Swiggy, MakeMyTrip, Rightmove, Mercari and Ocado Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9.1B | $193M | 0.6x | 0.5x | 29.4x | 20.3x | |||
| $684M | $20M | 6.8x | 6.6x | 233.4x | 17.4x | |||
| $597M | $173M | 7.4x | 6.6x | 25.6x | 20.5x | |||
| $4B | $684M | 2.5x | 2.4x | 14.7x | 9.5x | |||
| $1.9B | $302M | 2.7x | 2.4x | 17.1x | 13.5x | |||
| $2.4B | ($325M) | 1.6x | 1.3x | (12.0x) | (12.9x) | |||
| $1B | $171M | 4.5x | 4.1x | 27.4x | 23.5x | |||
| $569M | $396M | 8.7x | 8.2x | 12.5x | 11.8x | |||
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Common questions about Zepto
| When was Zepto founded? | Zepto was founded in 2021. |
| Where is Zepto headquartered? | Zepto is headquartered in Bengaluru, India. |
| Is Zepto publicly listed? | No, Zepto is a private, VC-backed company. |
| What is Zepto's valuation? | Zepto was last valued at $4.5B in its undisclosed-stage round in August 2026. |
| How much funding has Zepto raised? | Zepto has raised $2.6B across 14 funding rounds. |
| What was Zepto's last funding round? | Zepto's last funding round was a $105M undisclosed-stage round in August 2026. |
| Who are Zepto's investors? | Zepto's investors include Nexus Venture Partners, Glade Brook Capital Partners, Contrary, Goodwater Capital, Lachy Groom, Y Combinator, StepStone Group, General Catalyst, Global Founders Capital, Lightspeed Venture Partners and 27 others. |
| What is Zepto's revenue? | Zepto's latest recorded revenue is $2.4B (August 2026). |
| What is Zepto's revenue multiple? | Zepto's latest valuation implies a 1.9x revenue multiple ($4.5B valuation on $2.4B of revenue). |
| Which companies are comparable to Zepto? | Companies comparable to Zepto include Swiggy, Weee!, Rappi, Talabat, OPay and Grab. |
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