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Zepto IPO in 2025? Here's what CEO Aadit Palicha has to say

Upstox
By Upstox News Desk

2 min read | Updated on December 03, 2024, 11:41 IST

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SUMMARY

Zepto IPO: It is worth noting that Zepto's rivals, Zomato, which operates Blinkit, and Swiggy, which runs Instamart, are listed on the stock exchanges.

zepto-ipo.webp

Zepto CEO said that the quick-delivery platform plans to expand to more than 50 cities by the next quarter, up from two dozen cities currently.

Zepto IPO: Aadit Palicha, co-founder and chief executive officer (CEO) of quick commerce and grocery delivery unicorn Zepto, is optimistic about a possible initial public offering (IPO) in 2025.

In November, Zepto raised fresh funding of $350 million from marquee domestic investors, including Indian HNIs, leading financial institutions and family offices in a round led by Motilal Oswal's Private Wealth division.

Palicha stated that the round intended to increase domestic ownership ahead of a possible IPO in 2025.

In an interview with news agency PTI, he said, "That's our ambition...of course, capital markets may change, but for now we're optimistic if the business continues to perform as well, that we will go public in calendar 2025."
It is worth noting that Zepto's rivals, Zomato, which operates Blinkit, and Swiggy, which runs Instamart, are listed on the stock exchanges.
DMart vs Quick Commerce: Is the retail giant losing ground to 10-minute grocery delivery players?

On the status of shifting domicile from Singapore to India, Palicha said that Zepto will become a fully Indian-owned company in the financial year 2025-26.

"That's our ambition and objective (to become an Indian company), and it looks quite likely that we're going to get there," Palicha said, adding, "So what I can tell you is that we will be a domestic company within the next financial year."

Zepto to turn PAT positive in FY26

He said that the quick-delivery platform plans to expand to more than 50 cities by the next quarter, up from two dozen cities currently.

Palicha told PTI that the company's many stores have turned profitable and that the profitability timeline has been reduced to eight months.

"In the next financial year, we will be PAT positive. We are quite confident, and hopefully, that will be a positive signal to the markets," he said.

He also stated that the firm is witnessing "phenomenal results" on Zepto Cafe. "We will get to ₹1,000 crore business in Zepto Cafe alone," Palicha said.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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