Zepto Moves Towards IPO with Rs 11,000 Crore Issue

Quick commerce company Zepto is approaching the public markets as its board has sanctioned a strategy to generate up to Rs 11,000 crore via a new equity issue and an offer for sale (OFS) from current shareholders, according to regulatory documents reviewed by Startup Superb. This advancement comes as Zepto prepares to confidentially submit its draft red herring prospectus (DRHP) on December 26. Additionally, the firm has recently transitioned into a public limited company.

Zepto’s Financial Growth and Losses

Zepto’s regulatory submissions indicate significant growth over the past year, despite an increase in losses. For the fiscal year ending March 2025, the company reported total revenue, including other income, of Rs 9,668.76 crore, more than twice the Rs 4,223.91 crore reported in FY24. The company’s net loss widened to Rs 3,367.28 crore in March 2025, up from Rs 1,214.67 crore the previous year.

Capital Raising Efforts Ahead of IPO

Recently, Zepto completed a $450 million fundraising round as part of its ongoing capital growth ahead of the initial public offering. Since its founding, the company has raised an impressive total of $2.3 billion, with $1.8 billion acquired since January of last year. The company, led by Aadit Palicha, was valued at $7 billion during its most recent fundraising.

Market Positioning

With this initiative, Zepto is set to be the third quick commerce entity to be listed on Indian stock exchanges, following Eternal and Swiggy, which operate under the brands Blinkit and Instamart respectively.