Zepto – Secures SEBI Approval for IPO; Updated DRHP Expected in 6–8 Weeks

Expert Analysis:

• Quick commerce platform Zepto has reportedly received SEBI approval for its proposed IPO, marking a major regulatory milestone in the company’s public listing journey.

• Following the approval, the company is expected to file an updated Draft Red Herring Prospectus (DRHP) within the next 6–8 weeks, progressing toward its planned market debut.

• Zepto had earlier chosen the confidential filing route, allowing flexibility in refining issue structure, timing, and valuation before public disclosure.

• The IPO is expected to target a fundraise of around $1.2–1.3 billion (₹10,000–12,000 crore) through a mix of fresh issue and offer-for-sale by existing investors.

• The startup was last valued at approximately $7 billion after its recent funding round and has emerged as one of India’s leading quick-commerce players competing with Blinkit and Swiggy Instamart.

• Zepto’s IPO plans come amid rapid scaling in the quick-commerce industry, where companies are prioritising market share expansion, dark-store growth, and customer acquisition despite elevated cash burn.