Zepto to launch ₹11,000 crore IPO:The company files papers with SEBI via confidential route; preparing for listing next year

Quick commerce company Zepto to launch ₹11,000 crore IPO next year. The company has submitted preliminary documents to market regulator SEBI. Notably, Zepto has chosen the confidential route for its IPO. Zepto’s move is expected to increase competition in the quick commerce sector and offer more options to customers. The IPO will be listed on the main board. If all goes well, Zepto will become the third listed company in the quick commerce sector after Zomato and Swiggy. Zomato was listed in 2021, while Swiggy made its debut in November 2024. Meaning of filing DRHP Filing a DRHP (Draft Red Herring Prospectus) through the confidential route means that the company shares its documents with SEBI first, but detailed information is not immediately made public. This allows the company to receive feedback and make necessary changes. Zepto has completed the pre-filing process and is expected to inform stakeholders about it tomorrow. Zepto to raise ₹11,000 crore through IPO According to reports, Zepto’s IPO could be around ₹11,000 crore. It will include fresh shares as well as an Offer for Sale (OFS) from existing investors. A major part of the raised funds will be used to expand the company’s quick commerce business, as it competes with major players in the sector like Blinkit, Swiggy Instamart, BigBasket, and Flipkart Minutes. Zepto valued at ₹63,000 crore Banks working with Zepto include Axis Bank, Motilal Oswal Investment Advisors, Morgan Stanley, HSBC, and Goldman Sachs India. The company’s latest valuation is $7 billion (around ₹63,000 crore), which came after a $450 million (₹4,200 crore) funding round in October this year. Zepto started in 2020 Zepto is a Bengaluru-based company founded in 2020 by Aadit Palicha and Kavleya Vohra. In just 5–6 years, the company has seen significant growth and now has a healthy cash reserve. In terms of funding, the company raised ₹6,000 crore in June 2023, ₹3,050 crore in August, and ₹3,100 crore in November. In October this year, it raised ₹4,042 crore in a round led by a US pension fund. ​