Zepto has filed updated draft papers with SEBI for its proposed $1 billion (over ₹9,000 crore) initial public offering (IPO), moving closer to a stock market listing expected as early as July. The issue includes a fresh share sale worth about ₹8,010 crore and an offer-for-sale by existing investors.
The company plans to use the funds to expand its dark store network, strengthen technology infrastructure and support growth initiatives. Zepto has reported strong revenue growth amid rising demand for quick deliveries and competes with Blinkit, Swiggy Instamart and BigBasket.