After adding the new Esop options of around $170 million, Zepto’s total Esop pool size has crossed $500 million.
Zepto on Thursday said that it has closed a $450 million round in a mix of primary and secondary transactions, led by US-based pension fund California Public Employees’ Retirement System (Calpers) ahead of its initial public offering (IPO). With the round closed, Zepto is now aiming to file its draft red herring prospectus (DRHP) over the next few quarters.
Existing investors Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group, and Nexus Venture Partners also joined the round, the majority of which involved primary funding.
The round values Zepto at $7 billion, up from $5 billion at which it raised capital last year.
Over the last 18 months, Zepto has closed nearly $2 billion in funding, including secondary deals, after the latest round.
The Bengaluru-based company clocked Rs 11,109 crore in revenue in FY25, a sharp rise from Rs 4,454 crore in the year before, according to Elcid Investments’ regulatory filing in July.