Zepto, the quick-commerce startup is gearing up for its initial public offering (IPO), planning to raise up to Rs 11,000 crore through the public issue. The company has filed its draft IPO papers confidentially with the Securities and Exchange Board of India (Sebi), a process that allows it to receive regulator feedback before making the IPO public.
This marks a key step in Zepto’s plans to list on the stock exchange in 2026, potentially making it one of India’s youngest startups to go public.
Founded by Aadit Palicha and Kaivalya Vohra, Zepto has carved a niche in the rapid grocery delivery sector, promising essentials delivered in minutes. The company operates through a network of dark stores in major Indian cities and has expanded rapidly, attracting strong interest from investors. Over the years, Zepto has grown its revenues significantly, although it continues to report losses as it invests heavily in market expansion and customer acquisition.
The planned IPO will include fresh shares issued by the company, along with stake sales by existing investors. This combination allows Zepto to raise fresh capital for growth while providing liquidity for early backers. To streamline operations and improve profitability ahead of listing, Zepto has implemented cost-reduction measures, including optimizing workforce and tightening customer-acquisition spending.
A consortium of investment banks, including Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities, and Motilal Oswal, has been appointed to manage the IPO. Subject to market conditions and regulatory approvals, Zepto aims to debut on the stock market in the July–September 2026 quarter.
The IPO comes amid a surge in Indian startup listings, particularly in technology, e-commerce, and delivery sectors. Zepto’s public debut is expected to join the ranks of firms like Zomato and Swiggy, showcasing investor confidence in the quick-commerce sector, despite intense competition and high operational costs. Analysts say Zepto’s rapid growth, strong market presence, and focus on operational efficiency make it an attractive opportunity for investors, signaling a new phase for India’s fast-growing on-demand delivery market.
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