Zepto’s INR 11,000 Cr IPO Likely in July

Zepto had initially submitted its IPO documents through the confidential filing route in December 2025.

By Entrepreneur Staff | May 22, 2026

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Quick commerce platform Zepto is preparing to launch an initial public offering (IPO) worth around INR 11,000 crore, with plans to go public in July, according to people familiar with the matter.

If completed, the listing would place the company alongside competitors Zomato and Swiggy, which are already traded on stock exchanges.

The Bengaluru-based startup recently received approval from the Securities and Exchange Board of India (SEBI) for its public issue and is expected to file its updated draft red herring prospectus (UDRHP) soon.

Zepto had initially submitted its IPO documents through the confidential filing route in December 2025. Sources indicate that the company is aiming to complete its listing before July 31.

Founded by Aadit Palicha and Kaivalya Vohra, Zepto has adopted a distinct growth strategy compared to its rivals. According to a report by brokerage Bernstein, the company is focusing on increasing its presence within existing markets rather than expanding rapidly into new cities.

Zepto currently operates 1,255 dark stores across 61 cities. In contrast, competitor Blinkit has a wider footprint with over 2,200 stores spread across more than 240 cities. However, Zepto has a higher concentration of stores per city, averaging around 21, compared to about nine for its peers. This approach reflects a focus on dense urban markets, where faster deliveries and higher order frequency can improve efficiency.

The report also highlighted that Zepto has one of the highest store-to-pincode ratios in the segment, suggesting a strategy centred on deeper market penetration. By strengthening operations within select cities, the company aims to improve customer engagement and operational efficiency rather than pursuing rapid geographic expansion.

Zepto’s public market plans follow significant private funding. In October 2025, the company raised USD 450 million (around INR 3,757.5 crore) at a valuation of USD 7 billion. It had earlier achieved unicorn status in 2023 after raising USD 200 million in a previous funding round.

Quick commerce platform Zepto is preparing to launch an initial public offering (IPO) worth around INR 11,000 crore, with plans to go public in July, according to people familiar with the matter.

If completed, the listing would place the company alongside competitors Zomato and Swiggy, which are already traded on stock exchanges.