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  5. Zepto IPO update: Quick commerce unicorn to file confidential DRHP on Dec 26, eyes 2026 listing

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Zepto IPO update: Quick commerce unicorn to file confidential DRHP on Dec 26, eyes 2026 listing

Upstox
By Upstox News Desk

2 min read | Updated on December 26, 2025, 08:27 IST

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SUMMARY

Zepto IPO update: If the listing takes place, Zepto will join its rivals Swiggy and Zomato, both of which are already listed on the exchanges.

Since its inception, Zepto, valued at USD 7 billion, has raised a total of USD 1.8 billion, or around ₹16,000 crore, from marquee investors. | Image: Shutterstock

Since its inception, Zepto, valued at USD 7 billion, has raised a total of USD 1.8 billion, or around ₹16,000 crore, from marquee investors. | Image: Shutterstock

Zepto IPO update: In a major leap towards public offer plans, quick commerce unicorn Zepto is expected to pre-file its draft red herring prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India, on Friday, December 26, via a confidential route, news agency PTI reported, quoting sources.
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The company is looking to make a stock market debut sometime next year.

If the listing takes place, Zepto will join its rivals Swiggy and Zomato, both of which are already listed on the exchanges.

"Zepto is set to pre-file its draft red herring prospectus (DRHP) with SEBI on December 26," people familiar with the developments told PTI.

Eternal, which owns food delivery app Zomato and quick commerce platform Blinkit, debuted in 2021, while Swiggy, which runs Instamart, made a stock market listing in November 2024.

The confidential pre-filing allows the company to engage with the SEBI for initial feedback on its draft document without it being publicly disclosed. This route has been increasingly favoured by companies seeking more flexibility in their IPO preparations and responding to market conditions before a public filing.

Upcoming IPOs: Reliance Jio, PhonePe, Zepto among big-ticket IPOs expected in 2026; check full list

Since its inception, Zepto, valued at USD 7 billion, has raised a total of USD 1.8 billion, or around ₹16,000 crore, from marquee investors.

In October 2025, the company raised USD 450 million (about ₹3,757.5 crore) in a funding round led by the California Public Employees' Retirement System (CalPERS) at a valuation of USD 7 billion.

Zepto attained unicorn status in August 2023, after raising USD 200 million in its Series E funding round, which valued the startup at USD 1.4 billion.

Founded by Stanford University dropouts Kaivalya Vohra and Aadit Palicha, Zepto rapidly scaled its 10-minute grocery delivery model across major Indian cities.

As of September 2025, the company had over 900 dark stores, burnt ₹1,000-₹1,100 crore in cash and garnered gross sales of ₹26,000 crore.

With PTI inputs
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