Quick-commerce startup Zepto is reportedly preparing to file draft papers for a $500 million Initial Public Offering (IPO) in India as early as next week, marking a major step toward going public.
Sources indicate that Zepto will submit its IPO documents through SEBI’s confidential filing route, allowing the company to keep financial details private until closer to the launch.
🔹 Key Details at a Glance
- IPO Size: Around $500 million
- Structure: Fresh issue of shares along with an offer for sale (OFS) by existing investors
- Listing: Indian stock exchanges (Mumbai)
- Timeline: Filing expected next week
- Lead Managers: Axis Capital, Motilal Oswal, Morgan Stanley, Goldman Sachs and HSBC (as per reports)
🔹 Why This Matters
The IPO move comes as competition intensifies in India’s quick-commerce sector, with Zepto taking on rivals such as Blinkit, Swiggy Instamart, BigBasket and Amazon Now. The company is expected to use the proceeds to expand its delivery network, dark stores and logistics capabilities.
Founded in 2021, Zepto is known for its 10-minute grocery delivery model and was recently valued at around $7 billion, making this one of the most closely watched upcoming tech IPOs in India.
More details are expected once the draft prospectus is officially filed.
