Zepto Moves Closer to $1 Billion IPO with Revised DRHP Ahead of July Listing
Zepto, a platform for rapid commerce, is getting closer to its initial public offering (IPO). In preparation for its debut on the Indian stock market, the company has submitted an amended DRHP to SEBI.
A new issue of shares valued at INR 8,010 crore and an offer-for-sale (OFS) of 113 million shares by current owners make up the proposed IPO, according to the revised DRHP. After submitting its IPO documents in December 2025 through the confidential pre-filing process, Zepto supposedly gained approval from SEBI in May.
How Zepto Plans to Utilise the Proceeds?
The company plans to use the money from the new issuance to pay the rent on its present buildings, open more dark stores in existing and new locations, and support future expansions. According to Zepto, 1,139 dark stores were operational as of March 31st. In addition to funding marketing and promotional efforts, it intends to invest in cloud infrastructure and technology.
Investors from the United States (Contrary Capital), Dubai (Razor Capital), and Kaiser Permanente (Nexus Venture Partners) want to sell their shares in the company through the OFS component. With an expected offering in July, the company will join Eternal and Swiggy as the third major participant in India's quick-commerce space to go public. Additionally, Zepto would make history by listing on the Indian stock exchange before any other pure-play rapid commerce startup.
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Some Interesting Facts of the Story |
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1.The company has emerged as one of India's
fastest-growing quick-commerce platforms in just a few years. 2.Zepto processed nearly twice as many
quarterly orders as Instamart during the reported period. 3.The IPO comes amid intensifying
competition in India's booming 10-minute delivery market. |
Financial Outlook of Zepto
Operating revenue for the quarter ending in March was INR 7,498 crore, an increase of 75% year over year, according to Zepto. The net loss shrank from 1,832 crore to 1,539 crore Indian rupees (INR) last year. In comparison to Blinkit's 274 million and Swiggy's Instamart's 113 million, Zepto's platform processed 210 million orders in the fourth quarter.
The 10-minute delivery market in India is quite competitive. With Zepto now facing stiff competition from Blinkit, Instamart, Flipkart Minutes, Amazon Now, and BigBasket, which is owned by Tata. The promoter group of Zepto consists of the company's founders, Aadit Palicha and Kaivalya Vohra, as well as their families and family offices. They hold 19.6% of the company.
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Quick Shots |
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•Zepto has filed a revised Draft Red
Herring Prospectus (DRHP) with SEBI ahead of its planned July IPO. •The company aims to raise approximately $1
billion through the public offering. •The IPO includes a fresh issue of shares
worth INR 8,010 crore and an Offer for Sale (OFS) of 113 million shares. •Zepto had initially filed confidential IPO
papers in December 2025 and reportedly received SEBI approval in May 2026. |
