India, Oct. 16 -- Zepto Pvt. Ltd. has raised a mammoth round of funding ahead of a likely IPO next year, and amid a market-share battle with Swiggy Ltd.'s Instamart and Blinkit owned by Eternal Ltd.

The company, founded by Aadit Palicha and Kaivalya Vohra, was valued at $5 billion in its previous funding round last year.

New and existing investors, including US-based pension fund California Public Employees' Retirement System, General Catalyst, Goodwater Capital and Lightspeed Ventures participated in the latest Zepto funding round, according to a statement on Thursday (16 October 2025).

"We now have approximately $900 million of net cash in bank and more than well-capitalised for the future," CEO Palicha said in the statement.

Zepto'...