 for its IPO.){kind=link}
The Aadit Palicha-led startup, Zepto, has received a significant green light from the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). This milestone sets the stage for Zepto to become the youngest venture-backed startup in India to list on the public exchanges, potentially making its debut within the next 60 to 90 days.
Key IPO Details and Financials
Zepto originally filed its draft papers through SEBI’s confidential filing route in December 2025. Following the regulator’s recent observations, the company is now preparing an Updated Draft Red Herring Prospectus (UDRHP) to move toward a formal listing.
| Feature | Details |
| Estimated Issue Size | $800 Million – $1 Billion (approx. ₹7,500 – ₹9,300 Crore) |
| Expected Valuation | $5.6 Billion – $7 Billion (reflecting recent market adjustments) |
| Listing Timeline | Expected between July and September 2026 |
| Lead Managers | Axis Bank, Goldman Sachs, Morgan Stanley, HSBC, and Motilal Oswal |
Strategic Growth and Market Competition
Zepto’s journey from a 2020 experiment to an IPO-bound powerhouse has been defined by its “10-minute delivery” promise. The proceeds from the IPO are expected to be utilized for:
- Dark Store Expansion: Strengthening its network of over 1,100 dark stores to increase delivery speed and geographical reach.
- Last-Mile Infrastructure: Enhancing logistics to maintain competitive edges in urban clusters.
- Profitability Path: Investors are closely watching its unit economics. While revenue surged 129% to ₹9,669 crore in FY25, net losses also widened to ₹3,367 crore during the same period.
The Quick Commerce Landscape
Upon listing, Zepto will join major rivals Eternal (Zomato/Blinkit) and Swiggy on the stock exchanges. This comes at a time when competition is intensifying with entries from retail giants like Tata’s BigBasket, Flipkart Minutes, and Amazon Now.
“Zepto’s listing will arrive under a sharper market lens than its predecessors. Success will depend on its ability to balance aggressive scaling with a clear path to break-even.”