Quick commerce major Zepto is expected to close its latest funding round by the third week of October, according to sources familiar with the development. The round, estimated at around $500 million, will reportedly take the startup’s valuation beyond $7 billion—nearly doubling its last reported figure.

The fundraise comes at a crucial juncture for the Mumbai-headquartered firm, which has been preparing for a public listing since completing a reverse flip to India earlier this year. Zepto had initially planned to file its Draft Red Herring Prospectus (DRHP) in the first half of 2025 but decided to defer its IPO plans to focus on achieving profitability before hitting the markets. Sources now suggest that the company could revisit its IPO filing soon after this round closes. Advertisement

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