Quick Commerce Firm Zepto Submits Confidential IPO Draft to SEBI, Plans INR 11,000 Crore Issue

According to multiple media reports, Zepto has submitted preliminary documents to markets regulator SEBI in order to raise INR 11,000 crore through a confidential initial public offering (IPO) on 27 December. In order to become one of the newest businesses to make their debut on Indian exchanges, the company plans to list on the stock market sometime next year.

Zepto will join its competitors Zomato and Swiggy, who are already listed on the exchanges, if the listing is approved. In connection with the planned initial public offering of its equity shares on the main board of the stock exchanges, Zepto has reportedly submitted the pre-filed draft red herring prospectus to Sebi and the stock exchanges, according to multiple media sources.

Why Zepto Opted for Pre-Filing Route?

In order to obtain early input on its draft document from the Securities and Exchange Board of India (SEBI) without making it public, Zepto has chosen to use the confidential pre-filing procedure. Businesses looking for greater flexibility in their IPO preparations and the ability to react to market conditions prior to a public filing have been choosing this path more and more.

Swiggy, the company that runs Instamart, debuted on the stock market in November 2024, while Eternal, the company that owns Zomato and the fast commerce platform Blinkit, was listed in 2021. Strong private finance backing precedes this public-market push.

Financial Outlook of Zepto

Since its founding, Zepto, which is valued at $7 billion, has raised $1.8 billion, or over INR 16,000 crore, from well-known investors. The California Public Employees' Retirement System (CalPERS) spearheaded a fundraising round in October 2025 that garnered $450 million (about INR 3,757.5 crore) for the corporation, which was valued at $7 billion. After obtaining $200 million in its Series E fundraising round, which valued the business at $1.4 billion, Zepto became a unicorn in August 2023.

Zepto quickly expanded its 10-minute grocery delivery strategy throughout major Indian cities after being founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra. By September 2025, the company had over 900 dark stores, consumed between INR 1,000 and 1,100 crore in cash, and generated $3 billion, or over INR 26,000 crore, in gross sales.