Quick commerce platform Zepto is reportedly preparing for its initial public offering, with plans to raise $1.2–1.3 billion (₹10,000–12,000 crore), according to media reports. The offering is expected to include a mix of fresh issue and offer for sale.
While reports have suggested progress on regulatory filings, the company has not made any official confirmation regarding approval from the Securities and Exchange Board of India (SEBI). The IPO timeline is tentatively expected in the July–September 2026 window, subject to market conditions and regulatory developments.
Growth Story Backed by Scale and Funding Momentum
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has emerged as one of India’s fastest-growing quick commerce players. The company was last valued at around $7 billion following a $450 million funding round in 2025 and has raised over $2.3 billion to date.
Financially, Zepto reported total income of ₹9,668.76 crore in FY25, up from ₹4,223.91 crore in FY24. Losses widened to ₹3,367.28 crore, reflecting continued investments in expansion, logistics, and customer acquisition.
Competition Heats Up in Dark Store Expansion Race
Zepto operates in an intensely competitive landscape alongside Blinkit and Swiggy Instamart. As of December 2025, Zepto had around 1,150 dark stores, closely tracking Instamart’s 1,136, while Blinkit is projected to surpass 2,100 stores.
With players like Flipkart and Amazon accelerating their quick commerce strategies, Zepto’s potential public listing will be closely watched as a signal of investor confidence in the sector’s long-term economics.
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