Zepto Files Confidential IPO Papers With Sebi to Raise Rs 11,000 Crore, Targets Stock Market Listing Next Year

Quick commerce unicorn Zepto has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 11,000 crore through an initial public offering (IPO), according to people familiar with the development. The company has opted for the confidential pre-filing route, a mechanism that allows firms to seek regulatory feedback without publicly disclosing details at the initial stage.

Zepto Files Confidential IPO Papers With Sebi to Raise Rs 11,000 Crore

The Mumbai-based startup is targeting a stock market listing sometime next year, a move that could make it one of the youngest startups to debut on Indian exchanges. If the proposed listing materialises, Zepto will join listed peers such as Zomato and Swiggy, which already operate competing food delivery and quick commerce platforms.

Why Zepto Opted for Sebi's Confidential Route for Its IPO Filing

People aware of the matter said Zepto has submitted a pre-filed draft red herring prospectus (DRHP) with Sebi and the stock exchanges in connection with the proposed IPO of its equity shares on the main board.

By choosing the confidential route, Zepto will be able to engage with Sebi on its draft offer document and refine its plans based on regulatory feedback and prevailing market conditions before making a public filing. The route has gained popularity among companies seeking greater flexibility amid volatile market environments.

After Zomato and Swiggy, Zepto Eyes Stock Market Listing

The move marks a significant step in Zepto's transition from a privately funded startup to a public-market contender. Its rivals have already made their way to the bourses, with Eternal, the parent company of Zomato and quick commerce platform Blinkit, listing in 2021, while Swiggy, which operates Instamart, made its stock market debut in November 2024.

Zepto Valued at $7 Billion After Raising $1.8 Billion: Understand Zepto Financial Status

Zepto's IPO push follows strong backing from private investors. The company is currently valued at $7 billion and has raised a total of $1.8 billion, or roughly Rs 16,000 crore, since its inception. In October 2025, it raised $450 million (around Rs 3,757.5 crore) in a funding round led by the California Public Employees' Retirement System (CalPERS) at the same valuation.

The startup achieved unicorn status in August 2023 after raising $200 million in its Series E funding round, which valued the company at $1.4 billion at the time. Since then, Zepto has aggressively scaled its operations across major Indian cities.

Who is the Founder of Zepto: Know About Aadit Palicha and Kaivalya Vohra

Founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto is best known for its 10-minute grocery delivery model, which relies on a dense network of dark stores. As of September 2025, the company operated more than 900 dark stores across India. During the same period, it reported gross sales of $3 billion or about Rs 26,000 crore, while burning an estimated Rs 1,000-1,100 crore in cash.