Quick Commerce Firm Zepto Eyes ₹11,000-Crore IPO Launch In July

Quick commerce startup Zepto is preparing to launch its much-awaited initial public offering (IPO) in July, according to people familiar with the development.

The Zepto IPO is expected to be worth around ₹11,000 crore and could become one of the biggest startup listings in India this year.

If the issue goes ahead as planned, Zepto will join listed food delivery and quick commerce players like Zomato and Swiggy on the stock exchanges.

IPO Filing Process Underway

The Bengaluru-based company had received approval from the Securities and Exchange Board of India earlier this month for its proposed public issue.

People aware of the matter said the company is now likely to file its updated draft red herring prospectus (UDRHP) with the regulator ahead of the launch.

Zepto had originally submitted its IPO papers through the confidential filing route in December 2025.

The company is reportedly targeting a stock market debut before 31 July.

Zepto’s Strategy Looks Different From Rivals

According to a recent report by a brokerage house, Zepto has been focusing more on increasing density within existing markets instead of expanding aggressively into newer cities.

The report noted that the company currently has the highest dark store concentration among quick commerce players, with nearly 21 stores per city.

That compares with around nine stores per city for some of its competitors.

Zepto currently operates around 1,255 dark stores across 61 cities, while rival Blinkit has over 2,200 stores spread across more than 240 cities.

The brokerage said Zepto’s strategy appears centred on strengthening operations in metro markets where order frequency, delivery speed and customer retention tend to be stronger.

Instead of chasing rapid expansion, the company seems to be focusing on improving operational efficiency and increasing usage within a smaller number of high-demand markets.

Also Read - SEBI Proposes Changes To IPO, Re-Listed Stock Price Discovery Rules

Backed By Strong Funding Support

The IPO push comes months after Zepto raised fresh private funding.

Back in October 2025, Zepto raised $450 million in a funding round led by the California Public Employees' Retirement System (CalPERS). The deal pushed the company’s valuation close to the $7 billion mark.

The startup had already crossed the unicorn milestone in 2023, when it secured $200 million through its Series E round.

Started by Aadit Palicha and Kaivalya Vohra, Zepto has quickly built a strong presence in India’s fast-growing quick commerce market, where competition has been heating up steadily.

Sources:

Business Standard

Free Press Journal