India’s Zepto files for IPO as quick-commerce race heats up
Zepto logo is seen on smartphone placed on keyboard in this illustration taken on May 2, 2022.
Dado Ruvic | Reuters
Indian quick-commerce firm Zepto has confidentially filed for an initial public offering, a regulatory filing showed on Saturday, positioning itself among India’s most anticipated listings next year.
Quick-commerce firms in India are locked in an intense battle for market share, pouring in billions to open more stores as India’s growing urban consumer base increasingly opts for 10-minute deliveries for everything from groceries to electronics.
Founded in 2021, Zepto offers over 45,000 products and competes with rivals such as Eternal’s Blinkit and Swiggy’s Instamart.
The IPO plan comes at a time when Indian markets are set for a record fundraising in 2025.
Zepto was valued at $7 billion in its previous funding round in October when it raised $450 million.
The confidential route allows companies to keep their IPO filings private until the launch.
Read More: India’s Zepto files for IPO as quick-commerce race heats up