Zepto Clears Rs 11,000 Crore Fundraise as IPO Plans Take Shape
- Board approves Rs 11,000 Crore equity raise and OFS to fund growth and allow partial exits for existing investors
- Confidential IPO filing planned for December 26, marking a key step in Zepto’s public listing journey
- Revenue more than doubles in FY25, while losses widen as the company continues to invest aggressively in scale and expansion
Quick commerce startup Zepto has taken a major step toward going public after its board approved a plan to raise up to Rs 11,000 crore through a mix of fresh equity issuance and an offer for sale (OFS) by existing shareholders. The decision was disclosed in regulatory filings accessed by report.
The approval comes just ahead of Zepto’s plan to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently transitioned into a public limited entity, a key milestone in its IPO journey.
Zepto’s filings highlight rapid growth over the past year, though profitability remains a challenge. For the financial year ending March 2025, the company reported turnover of Rs 9,668.76 crore, including other income. This marks more than a twofold jump from Rs 4,223.91 crore in FY24. At the same time, losses expanded sharply, with net loss rising to Rs 3,367.28 crore in FY25, compared to Rs 1,214.67 crore the previous year.
The Aadit Palicha-led company has been actively raising capital ahead of its public listing. Recently, Zepto closed a $450 million funding round, adding to its war chest. Since its launch, the company has raised around $2.3 billion, with $1.8 billion secured since January last year alone. Its most recent fundraise valued the company at approximately $7 billion.
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Once listed, Zepto is expected to become the third quick commerce player to debut on Indian stock exchanges. It will join peers Eternal and Swiggy, which operate the popular instant delivery platforms Blinkit and Instamart, respectively.
With strong growth, deep investor backing, and IPO preparations underway, Zepto is positioning itself as a key contender in India’s fast-evolving quick commerce market.
