Zepto plans to raise $450–$500 million, lifting its valuation to $7 billion ahead of a public listing.

• Funding round in advanced stages; up 40% from last year’s $5 billion post-money valuation.
• Competes with Swiggy and Zomato; recently shifted headquarters from Singapore to India in preparation for IPO.
• Sources say the deal will close soon; Zepto has not yet responded to media queries on the development.