Quick commerce major Zepto has formally converted into a public limited company, marking a significant milestone in its journey toward a planned initial public offering (IPO) in 2026. The corporate restructuring, revealed through recent regulatory filings, positions the company to meet compliance requirements ahead of its public market debut.
The development comes months after reports indicated that Zepto had appointed top tier investment banks including Goldman Sachs, Morgan Stanley, and JM Financial to lead its listing preparations. According to people familiar with the matter, the company aims to raise around $500 million (₹4,500 crore) through the IPO, which is expected to be one of India’s most anticipated startup listings over the next two years.
DRHP Filing Expected This Financial Year
A source close to the company confirmed that Zepto plans to file its Draft Red Herring Prospectus (DRHP) before the end of the current financial year. Over the past several months, Zepto has been actively preparing for its listing, including shifting its holding structure back from Singapore to India, in line with regulatory expectations and the growing preference for domestic listings.
Quick Commerce Sector Heats Up
Zepto’s move comes during an intense phase of competition in the quick commerce sector, where companies are rapidly raising capital to fuel expansion and improve delivery efficiency. In a recent development, Blinkit’s parent entity Eternal raised more than ₹8,000 crore via a Qualified Institutional Placement (QIP), highlighting the sector’s escalating capital requirements.
As quick commerce platforms continue to battle for market share through faster deliveries, broader assortments, and deeper penetration, Zepto’s impending IPO is expected to bolster its financial strength and reinforce its competitive position.
With strong investor interest and a rapidly expanding market, Zepto’s transition to a public company signals a crucial step toward scaling its operations and solidifying its place in India’s high growth quick commerce ecosystem.
Follow Startupbydoc for daily startup insights, funding news, IPO analysis, and business breakdowns.