Zepto gets board nod to raise up to INR 11,000 Cr via IPO

Quick commerce firm Zepto is a step closer to going public after its board approved plans to raise up to ₹11,000 crore through an initial public offering. 

The proposed IPO will include a fresh share issue as well as an offer for sale by existing shareholders, according to regulatory filings.

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The move comes as Zepto gets ready to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also changed its status to a public limited company, a required step before listing on the stock market.

Zepto’s filings show that its business grew quickly over the last financial year, but losses also increased. For the year ended March 2025, the company reported total income of ₹9,668.76 crore, more than double the ₹4,223.91 crore it earned in FY24. At the same time, its net loss rose to ₹3,367.28 crore from ₹1,214.67 crore the previous year.

Ahead of its IPO, Zepto recently raised $450 million in a funding round. Since it was founded, the company has raised a total of $2.3 billion. The latest funding round valued the Aadit Palicha-led company at $7 billion.

If it goes public, Zepto would be the third quick commerce firm to list on Indian stock exchanges, after Eternal and Swiggy, which run Blinkit and Instamart.

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