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- Zepto To Confidentially File Draft IPO Papers On December 26: Eyes 2026 Listing At $7 Billion Valuation
Mumbai26 minutes ago
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Quick commerce company Zepto is going to file its DRHP (Draft Red Herring Prospectus) for IPO confidentially tomorrow i.e. on 26th December. Moneycontrol has given this information quoting sources. The company is planning to be listed in the stock market in the new year (2026).
This step of Zepto will increase competition in the quick commerce sector and customers will get more options. Instant grocery delivery apps like Blinkit (Eternal) and Instamart (Swiggy) are already listed on the stock exchanges.
Meaning of filing DRHP
The advantage of filing DRHP through the confidential route is that the company first shares the documents with SEBI, but not much details are revealed to the public. This gives the company feedback and an opportunity to make necessary changes. Zepto has completed the pre-filing work and is expected to inform the stakeholders about it tomorrow.
Zepto was founded in 2021 by Adit Palicha and Kaivalya Vohra.
How much will it raise from IPO, where will it be spent?
According to reports, Zepto’s IPO could be worth around $500 million (about ₹4500 crore). This will include fresh shares as well as Offer for Sale (OFS) from existing investors.
The company will spend a major part of the money raised in expanding its quick commerce business. Because the company has competition with big players in this sector – Blinkit, Swiggy Instamart, Big Basket and Flipkart Minutes.
Who are the bankers and what is the valuation?
Bankers working with Zepto include the Indian units of Axis Bank, Motilal Oswal Investment Advisors, Morgan Stanley, HSBC and Goldman Sachs. The company’s latest valuation is $7 billion (about ₹63,000 crore), which came after a $450 million (₹4,200 crore) funding round in October this year.
Company background and funding history
Zepto is a Bengaluru based company. It started in 2020. Its founders are Adit Palicha and Kaivalya Vohra. The growth of the company has been much better in just 5-6 years. Now the company also has good cash reserves.
Talking about funding, in 2023 the company had raised ₹6,000 crore in June, ₹3,050 crore in August and ₹3,100 crore in November. ₹4,042 crore fund was raised in October this year, the round of which was led by US Pension Fund.
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