Zepto IPO Approval from SEBI

Quick commerce leader Zepto has obtained the green light from the Securities and Exchange Board of India (SEBI) for its eagerly awaited initial public offering (IPO), based on recent media reports. Zepto, under the guidance of Aadit Palicha, aims to generate approximately $1.2 to $1.3 billion (Rs 10,000 to 12,000 crore) through this IPO, which is likely to comprise both new shares and an offer for sale (OFS) from early investors. This approval follows the company’s confidential filing process, which allows adjustments to its offering structure and timing without revealing sensitive financial information publicly. The Arc was the first to break this news.

Founded in 2021 by Palicha and Kaivalya Vohra, Zepto has rapidly established itself as a prominent player in the quick commerce landscape, rivaling other platforms such as Blinkit and Swiggy Instamart. Last valued at roughly $7 billion after a $450 million funding round in 2025, Zepto has successfully raised over $2.3 billion to date. The anticipated IPO, likely scheduled for the July to September 2026 period, will be observed closely as a key indicator for the quick commerce industry.

Examining its financial performance, during the fiscal year ending March 2025, the company reported total revenue of Rs 9,668.76 crore, more than doubling from Rs 4,223.91 crore in FY24. Nevertheless, its net loss expanded to Rs 3,367.28 crore in FY25, up from Rs 1,214.67 crore in the previous fiscal year.

On the dark store front, competitive dynamics remain fierce. Blinkit is poised to exceed 2,100 dark stores by December 2025, while Swiggy Instamart and Zepto operated 1,136 and 1,150 dark stores, respectively, as of December 2025. Additionally, Flipkart aims to exceed 1,500 quick commerce dark stores by 2026, while Amazon has increased its network to around 450 to 500 stores.