Zepto to file confidential IPO papers today — All you need to know

Quick commerce operator and a peer company of Eternal and Swiggy, Zepto Ltd. will be filing its draft IPO papers today, targeting a listing between July to September of 2026.

Sources tell CNBC-TV18 that Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal are the Book Running Lead Managers (BRLMs) for the IPO.

At the end of financial year 2025, Zepto's revenue had expanded to ₹11,109 crore, higher than the ₹4,498 crore it had reported in financial year 2024.

However, the company's net loss also widened by nearly three-fold to ₹3,367 crore from a net loss of ₹1,249 crore it reported in the last year.

Based on its last fund raising, dated October 2025, Zepto was valued at $7 billion. The company had raised $450 million in a round led by US-based CalPERS.

Founded by Aadit Palicha & Kaivalya Vohra, Zepto has institutional investors such as General Catalyst, CalPERS, Y Combinator, StepStone Group, Avenir, along with other strategic investors such as Elcid Investments, MapmyIndia, Motilal Oswal, according to Tracxn.

For the week ending December 15, Zepto added 1.2 million Weekly Active Users, according to a CLSA note, which is the highest week-on-week gain that the company has seen.

Blinkit and Jiomart both saw an addition of 0.4 million users each, while Swiggy's Instamart saw an addition of 0.3 million users, along with Bigbasket, which saw an addition of 0.3 million users as well, according to CLSA.