Zepto Pre-Filed Draft IPO Papers with SEBI: Eyeing Debut on Dalal Street Next Year

Quick-commerce unicorn Zepto has confidentially pre-filed draft IPO papers with market regulator SEBI, signalling plans to raise up to ₹11,000 crore through an initial public offering and target a stock-market listing early next year.

As per news reports, the proposed listing would make Zepto one of the youngest startups to tap public markets, while also ranking among the largest IPOs by a new-age technology company.

Valuation and Funding History

The privately held firm is valued at around $7 billion and has raised approximately $1.8 billion since its inception. Most recently, in October 2025, Zepto secured $450 million in a funding round led by CalPERS at the same valuation.

If the IPO materialises, Zepto will join listed quick-commerce peer Blinkit and Swiggy, which owns Instamart. Zomato’s parent entity, Eternal, went public in 2021, while Swiggy debuted on the exchanges in November 2024.

By opting for the confidential filing route, Zepto can engage with SEBI and stock exchanges without making its draft red herring prospectus public. This mechanism provides companies greater flexibility to fine-tune deal size and timing in response to evolving market conditions.

The confidential route has increasingly gained favour among high-growth startups, as it limits early public scrutiny and allows issuers to defer or recalibrate listing plans if market sentiment weakens.

Also Read: Upcoming IPO: SEBI Approved DRHP of 4 Companies Including Shivalaya Construction, and Varmora Granito

About Zepto

Founded by Aadit Palicha and Kaivalya Vohra, Zepto has expanded rapidly on the back of its 10-minute grocery delivery model. As of September, the company operated over 900 dark stores, reported gross sales of around $3 billion, and incurred cash burn of roughly ₹1,100 crore.

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