Zepto is in advance talks to raise $500 million from General Catalyst and Avenir at a valuation between $6 billion and $7 billion, showing a 20-40% increase from its previous valuation of $5 billion.
General Catalyst and Avenir are expected to be the main contributors to the new funding round, with other existing investors likely to participate on a pro rata basis.
Zepto is finalizing a $500 million domestic secondary transaction, led by Motilal Oswal Private Wealth at a $5 billion valuation, with notable Indian investors like Sachin Tendulkar and Abhishek Bachchan participating.
Zepto aims to increase domestic ownership through the secondary round before a planned IPO next year, with projections for India's quick commerce market showing significant growth potential.