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Quick commerce company Zepto will launch an IPO of Rs 11 thousand crore next year. The company has submitted preliminary documents to market regulator SEBI to bring its initial public offering. The special thing is that the company has chosen the confidential route for the IPO.
This step of Zepto will increase competition in the quick commerce sector and customers will get more options. This IPO will be on the main board. If all goes well, Zepto will become the third listed company in the quick commerce sector after Zomato and Swiggy. Zomato was listed in 2021, while Swiggy debuted in November 2024.
Zepto was founded in 2021 by Adit Palicha and Kaivalya Vohra.
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 will raise Rs 11,000 crore from IPO
According to reports, Zepto’s IPO could be worth around Rs 11,000 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.
₹63,000 crore What is the valuation of Zepto?
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.
Zepto was started in 2020
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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