Upcoming IPO: Zepto Secured Approval from SEBI to Raise Upto $1.3 Billion

Quick-commerce leader Zepto has secured approval from the Securities and Exchange Board of India (SEBI) for its long-awaited initial public offering (IPO), according to media reports.

Zepto IPO Plans

Led by Aadit Palicha, the company plans to raise $1.2–1.3 billion (₹10,000–12,000 crore) through a combination of fresh issuance and an offer-for-sale (OFS) by early investors. The SEBI nod comes after Zepto’s confidential filing, which allowed it to refine the IPO structure and timing without revealing sensitive financials.

About Zepto

Founded in 2021 by Palicha and Kaivalya Vohra, Zepto has rapidly become a leading player in India’s quick-commerce space, competing with Blinkit and Swiggy Instamart. The company was last valued at $7 billion following a $450 million funding round in 2025 and has raised over $2.3 billion so far. Its IPO, likely in July–September 2026, is being closely watched as a sector benchmark.

Financials show total income more than doubled to ₹9,668.76 crore in FY25 from ₹4,223.91 crore in FY24, though net losses widened to ₹3,367.28 crore from ₹1,214.67 crore.

Also Read: SEBI Extends IPO Observation Letter Validity to Additional 6 Months

Quick Commerce Dark Store Growth

The quick-commerce dark store race remains fierce: Blinkit is set to cross 2,100 stores by December 2025, while Swiggy Instamart and Zepto had 1,136 and 1,150 stores, respectively. Flipkart aims for 1,500+ stores by 2026, and Amazon operates roughly 450–500.

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