- Zepto submits preliminary IPO papers to Sebi
- Plans to raise ₹11,000 crore through public issue
- Targets market listing next year
- Valued at $7 billion after recent funding round
GG News Bureau
Mumbai, 29th Dec: Quick commerce unicorn Zepto has filed preliminary papers with market regulator Sebi to raise around ₹11,000 crore through an initial public offering, opting for the confidential pre-filing route, according to people familiar with the development.
The company is targeting a stock market listing next year, which could make it one of the youngest startups to debut on Indian exchanges. With this move, Zepto is set to join listed peers Zomato and Swiggy, both of which already operate in the quick commerce space through Blinkit and Instamart, respectively.
Sources said Zepto has submitted a pre-filed draft red herring prospectus with Sebi and the stock exchanges for its proposed main-board IPO. The confidential route allows companies to seek regulatory feedback without immediately making their draft offer documents public, giving greater flexibility to fine-tune issue details in line with market conditions.
The IPO push follows strong private funding momentum. Zepto is currently valued at $7 billion and has raised a total of $1.8 billion (about ₹16,000 crore) since inception. In October 2025, it raised $450 million led by CalPERS at the same valuation.
Founded by Stanford dropouts Aadit Palicha and Kaivalya Vohra, Zepto achieved unicorn status in August 2023 after its Series E round valued the firm at $1.4 billion. The startup has rapidly expanded its 10-minute grocery delivery model across major Indian cities.
As of September 2025, Zepto operated over 900 dark stores, posted gross sales of around $3 billion (₹26,000 crore) and recorded cash burn in the range of ₹1,000–1,100 crore, reflecting the scale and intensity of competition in the quick commerce sector.
