Zepto IPO: Quick Commerce Firm Eyes Stock Market Debut in July 2026: Reports

Zepto is likely to begin its ₹11,000 crore Initial Public Offering (IPO) process in July, following recent regulatory approval, according to The PTI news report.  

The company had received approval from the Securities and Exchange Board of India (SEBI) earlier this month for its proposed share sale. Reportedly, the company is planning to complete its listing before July 31, 2026. 

The Bengaluru-based firm had filed its draft IPO papers through the confidential route in December 2025. It is to submit an Updated Draft Red Herring Prospectus (UDRHP) before moving ahead with the issue.  

Operations Remain Concentrated in Metro Cities 

A report by brokerage Bernstein said Zepto’s expansion model differs from several competitors in the quick commerce segment. The company has focused on increasing store density within existing markets instead of entering a larger number of cities. 

Zepto currently operates 1,255 dark stores across 61 cities. Rival Blinkit has 2,222 dark stores spread across 243 cities, according to the report. Bernstein estimated that Zepto runs close to 21 stores per city, while peers average around 9 stores per city. 

The report added that Zepto has the highest store-to-pincode ratio in the category. Its operations are largely concentrated in metro markets, where demand levels and order frequency remain higher compared with smaller cities. 

Funding Activity Before Listing 

Ahead of the proposed IPO, the company raised capital through multiple private funding rounds. In October 2025, Zepto secured $450 million, or about ₹3,757.5 crore, in a funding round led by California Public Employees' Retirement System. The funding round valued the company at $7 billion. 

Zepto had entered the unicorn category in August 2023 after raising $200 million in its Series E funding round at a valuation of $1.4 billion. 

Founded by Aadit Palicha and Kaivalya Vohra, the company would join listed food delivery and quick commerce firms Zomato and Swiggy if the listing proceeds as planned. 

Read More: Former Tata Sons Vice Chairman Raises Concerns Over Tata Sons IPO! 

Conclusion  

With its public issue expected in July, Zepto is preparing to enter the stock market alongside listed food delivery and quick commerce companies already trading on exchanges. 

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