Quick commerce startup Zepto has reportedly initiated the process for its initial public offering (IPO), aiming to raise around ₹11,000 crore. The Bengaluru-based company has filed its draft papers through the confidential route, allowing it to begin discussions with market regulator SEBI without making the details public at this stage.
Founded in 2021, Zepto has rapidly emerged as a key player in India’s fast-growing quick commerce segment, offering over 45,000 products ranging from groceries and daily essentials to lifestyle items. The company has built its proposition around ultra-fast delivery, positioning itself as a strong competitor in the urban convenience retail space.
The move towards an IPO comes months after Zepto’s last funding round in October, where it raised $450 million and achieved a valuation of approximately $7 billion. The fresh capital from a public listing is expected to support the company’s expansion plans, strengthen its supply chain and technology infrastructure, and fuel growth amid intensifying competition in the sector.
By opting for the confidential filing route, Zepto gains the flexibility to refine its IPO documents based on SEBI’s feedback before formally launching the issue. This approach, increasingly favoured by high-growth startups, helps companies test regulatory waters and finalise structures while keeping sensitive financial and operational details out of the public domain until closer to the listing.
While timelines for the public issue have not yet been disclosed, the filing signals Zepto’s intent to join the growing list of new-age Indian startups preparing to tap public markets, reflecting confidence in its business model and long-term growth prospects.