Zepto IPO update: Quick commerce platform converts into public company, targets June 2026 listing

Zepto IPO: Quick commerce unicorn Zepto has secured shareholders' approval to convert the company from a private entity into a public company, as per an update on Friday, December 5.

The resolution "to approve the conversion from private limited company to public limited company" was cleared by shareholders on November 21, according to a regulatory filing.

Zepto targets June 2026 IPO

Valued at USD 7 billion, the company has raised a total of USD 1.8 billion, or about ₹16,000 crore, since its inception in July 2021 from marquee investors.

In October, the company had raised USD 450 million (about ₹3,757.5 crore) in a funding round led by the California Public Employees' Retirement System (CalPERS).

As the firm heads towards its stock market debut, Zepto CEO and co-founder Aadit Palicha said domestic ownership within the company will increase to 40% from the current 12%.

The fundraiser came on the heels of investor confidence rising, with Zepto recording close to 1.7 million orders per day and a majority of its stores turning towards profitability, Palicha said.

“When we closed this financing, we had more profitable stores in our network than the entire network that existed last year,” he said.

The funds raised will be primarily used by Zepto for maintaining a healthy balance sheet and supporting moderate expansion. The company intends to keep improving its bottom line while continuing to grow order volume. Although there is no fixed spending plan, a portion of the new capital will go toward launching a few hundred new stores over the next 12 months.

As of September 2025, the company had over 900 dark stores, burned ₹1,000-₹1,100 crore in cash and garnered gross sales of USD 3 billion, or about ₹26,000 crore.