Zepto To Raise $400 Mn At $7 Bn Valuation

Zepto is raising around $400 Mn (about INR 3,500 Cr) at a valuation of $7 Bn, with US pension fund Calpers leading the round

Other existing investors, including General Catalyst, Avra, Lightspeed, Glade Brook, StepStone, and Nexus Venture Partners, are also expected to participate in the round

The round will be a mix of primary and secondary transactions, with a large chunk of $350–380 Mn coming in via primary transaction. Zepto declined to comment on the development

Quick commerce major Zepto is planning to raise…