Zepto IPO: Quick commerce platform files confidential issue papers; 8 things to know

Zepto IPO: Quick commerce unicorn Zepto has officially started its journey to list on the bourses with the filing of its preliminary papers with the markets regulator SEBI via the confidential route.

Companies prefer the confidential pre-filing route to keep the contents of the draft red herring prospectus (DRHP) private until the later stages of the listing process. This method gives companies more flexibility in the IPO preparations and in responding to market conditions before making details public.

Zepto IPO: What we know so far

• Zepto is looking at a stock market listing sometime in 2026.
• The listing could make the company one of the youngest startups to debut on Indian exchanges.
• Zepto's rivals, Swiggy and Eternal, are listed on the stock exchanges.
• The quick commerce platform, which is valued at USD 7 billion, has raised USD 1.8 billion since its inception.
• In the last funding round in October, the company raised about ₹3,757.5 crore in a funding round led by the California Public Employees' Retirement System (CalPERS).
• Zepto achieved unicorn status in August 2023 post the Series E funding round when it raised USD 200 million, valuing the startup at USD 1.4 billion.
• It was founded by Stanford University dropouts Kaivalya Vohra and Aadit Palicha.
• As of September this year, Zepto had over 900 dark stores and generated USD 3 billion, or about ₹26,000 crore, in gross sales.

Rival Eternal, which operates quick commerce platform Blinkit and food delivery platform Zomato, made its stock market debut in 2021. Swiggy, which runs Instamart, was listed in 2024.