Zepto IPO: Quick commerce firm Zepto has filed updated draft red herring prospectus (UDRHP) with the market regulator Sebi for its initial public offering (IPO).
According to UDRHP, the company is planning
to raise up to 1,60,20,000 equity shares of face value Rs 5 each aggregating up to Rs 8,010 crore through the fresh issue. There will be an OFS part too that might take the proposed IPO size between Rs 9,000 crore and Rs 10,000 crore, as reported by Moneycontrol.
Existing investors including Nexus Ventures VI Holdings, Nexus Ventures VII Holdings, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals and Kaiser Permanente Group Trust will participate in the OFS. The final size of the OFS will be determined closer to the issue launch.
Zepto would utilize the net proceeds from the fresh issue to expand dark store network across existing and new geographies, investing in cloud infrastructure and technology, funding lease rentals for existing dark stores, supporting marketing and business promotion initiatives through its subsidiary Zepto Marketplace Pvt Ltd, and pursuing inorganic growth opportunities and general corporate purposes.
The company had filed its IPO papers through the confidential pre-filing route in December 2025. The startup is targeting a stock market debut before July 31.
Strong Funding Support Ahead of IPO
Zepto’s public market push comes after significant backing from private investors. In October 2025, the startup raised $450 million (around Rs 3,757 crore) in a funding round led by California Public Employees’ Retirement System at a valuation of $7 billion.
The company had earlier achieved unicorn status in August 2023 after raising $200 million in its Series E funding round, which valued the startup at $1.4 billion.
Founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto has emerged as one of India’s fastest-growing quick commerce players amid rising competition in the 10-minute delivery space.
