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Zepto Gets SEBI Greenlight for Mega $1 Billion IPO
Quick-commerce startup Zepto has received SEBI approval for its upcoming IPO, bringing the company a step closer to listing on Indian stock exchanges. Sources told Moneycontrol that the company is likely to raise between $800 million and $1 billion (approximately ₹7,500–9,300 crore) through the public issue.
Following the regulatory clearance, Zepto is expected to file an updated draft red herring prospectus (UDRHP) and could launch its IPO within the next 60–90 days.
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is set to become one of the fastest Indian startups to go public and could emerge as the country’s first listed pure-play quick-commerce company.
The company has reportedly witnessed rapid growth in operations, with daily order volumes rising from around 1.5–1.7 million orders to more than 2.5 million orders.
Zepto had initially planned a smaller IPO of nearly $500 million, but the company is now looking to raise a larger amount to strengthen its position amid intensifying competition from Blinkit, Swiggy Instamart, Amazon Now, Flipkart Minutes, and BigBasket.
The IPO is expected to be closely watched by investors as a major test for India’s consumer-tech and quick-commerce ecosystem, especially after recent public market activity in the sector.
Source: https://www.moneycontrol.com/news/business/ipo/zepto-gets-sebi-nod-for-1-billion-ipo-13913248.html
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