Zepto, an Indian quick commerce startup, has raised around US$450 million in a new funding round, bringing its valuation to US$7 billion.

The investment includes both primary and secondary deals, with most of the capital coming through primary transactions.

Zepto, founded in 2021 and based in Bangalore, operates a platform for rapid delivery of groceries and other consumer products.

The company said it now holds about US$900 million in net cash.

Zepto claims to have increased its order volume by 200% over the past 18 months and to have improved store profitability while expanding, but did not disclose specific figures.

The company did not name participating investors in this round.

🔗 Source: Zepto

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