Zepto raises $250 million in new funding, valuation jumps to $4.3 billion

Quick-commerce startup Zepto has raised $250 million in a Series E round led by StepStone Group, with participation from Glade Brook Capital and Nexus Venture Partners. The funding lifts Zepto’s valuation to $4.3 billion, making it India’s fastest-growing unicorn this year. The company plans to expand into Tier-2 cities and strengthen supply chain automation. Founders Aadit Palicha and Kaivalya Vohra said the firm aims for profitability by mid-2026 as average order values rise 18% YoY.