Zepto IPO: ₹11,000 Crore Funding Plan | Sebi Filing
- Zepto, the Indian quick commerce startup, has confidentially filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to initiate...
- This confidential filing allows Zepto to receive initial feedback from Sebi without publicly disclosing the details of its IPO plans.
- Zepto's potential IPO follows the triumphant public debuts of other prominent Indian e-commerce players.Eternal, the parent company of Zomato and Blinkit, listed in 2021.
“`html
Zepto Files Confidentially for IPO, Signaling Continued Growth in Indian Quick Commerce
Table of Contents
Updated December 27, 2025, 15:50:25 PST
Zepto, the Indian quick commerce startup, has confidentially filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to initiate the process for an initial public offering (IPO).This move indicates the company’s ambition to tap into public markets for further expansion.
This confidential filing allows Zepto to receive initial feedback from Sebi without publicly disclosing the details of its IPO plans. this approach is becoming increasingly popular among companies seeking flexibility and the ability to adapt to market conditions before a formal public launch.
The rise of Quick Commerce in india
Zepto’s potential IPO follows the triumphant public debuts of other prominent Indian e-commerce players.Eternal, the parent company of Zomato and Blinkit, listed in 2021. More recently, Swiggy, which operates Instamart, went public in November 2024. Economic Times reported on Swiggy’s successful IPO.
These public market entries are underpinned by substantial private funding rounds. The quick commerce sector in India has seen significant investment as companies race to capture a growing consumer base.
Zepto’s Financials and Growth Trajectory
Currently valued at USD 7 billion, Zepto has raised a total of USD 1.8 billion (approximately Rs 16,000 crore) from leading investors since its founding. In October 2025, the company secured USD 450 million (around Rs 3,757.5 crore) in a funding round led by the california Public Employees’ Retirement System (CalPERS), solidifying its USD 7 billion valuation. Livemint detailed this funding round.
Zepto achieved unicorn status in August 2023,following a USD 200 million Series E funding round that valued the startup at USD 1.4 billion.TechCrunch covered Zepto’s ascent to unicorn status.
As of September 2025,Zepto operated over 900 dark stores,reported gross sales of USD 3 billion (approximately Rs 26,000 crore),and had burned through Rs 1,000-1,100 crore in cash.
Founding and Business Model
Zepto was founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra. The company quickly scaled its 10-minute grocery delivery model across major Indian cities, capitalizing on the demand for rapid delivery services. Their focus on speed and convenience has been a key differentiator in the competitive quick commerce landscape.