The Bengaluru-based company, founded in 2021 by Aadit Palicha and Kaivalya Vohra, opted for the confidential path, allowing it to submit draft documents privately for regulator feedback before public disclosure. Zepto is expected to formally notify stakeholders soon.
If successful, the IPO—comprising fresh issuance and an offer-for-sale by existing shareholders—would mark Zepto as the third listed player in India's booming quick commerce space, following Zomato (listed in 2021) and Swiggy (debut in November 2024).
Proceeds will primarily fuel business expansion amid fierce rivalry with Blinkit, Swiggy Instamart, BigBasket, and Flipkart Minutes.
Valued at approximately $7 billion (₹63,000 crore) after a $450 million funding round in October, Zepto has demonstrated rapid growth. The company raised over ₹16,000 crore across multiple rounds this year alone, building substantial cash reserves.
Leading the issue are investment banks including Morgan Stanley, Goldman Sachs India, Axis Capital, HSBC, and Motilal Oswal.
The move underscores confidence in the quick commerce sector's potential, driven by rising demand for ultra-fast grocery and essentials delivery. Zepto's public listing could intensify competition while providing investors exposure to one of India's fastest-growing consumer segments.
Market watchers anticipate the mainboard listing in the second half of 2026, pending regulatory approvals.
