Quick commerce platform Zepto has reportedly received approval from the Securities and Exchange Board of India for its much-anticipated initial public offering. The company is aiming to raise $1.2–1.3 billion (₹10,000–12,000 crore) through a mix of fresh issue and offer for sale.
The IPO follows Zepto’s confidential filing route, allowing it to optimise timing and structure before going public. The listing is expected in the July–September 2026 window and is likely to be a key benchmark for India’s quick commerce sector.
Growth Story Backed by Scale and Funding Momentum
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has rapidly scaled to become one of the fastest-growing players in the segment. It was last valued at around $7 billion after raising $450 million in 2025 and has secured over $2.3 billion in total funding.
Financially, the company reported total income of ₹9,668.76 crore in FY25, more than doubling from ₹4,223.91 crore in FY24. However, losses widened significantly to ₹3,367.28 crore, reflecting continued investment in expansion and operations.
Competition Heats Up in Dark Store Expansion Race
Zepto operates in a highly competitive market alongside Blinkit and Swiggy Instamart, both aggressively scaling their dark store networks. As of December 2025, Zepto had around 1,150 dark stores, closely matching Instamart’s 1,136, while Blinkit is projected to cross 2,100 stores.
Other players like Flipkart and Amazon are also expanding their quick commerce footprints, intensifying competition.
Zepto’s IPO will be closely watched as investors assess the sustainability and profitability of the rapid delivery business model.
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