Mumbai, Dec 06 : Quick commerce company Zepto has officially converted into a public limited company, signaling its intent to enter the public markets in 2026, according to regulatory filings. The move comes months after Zepto appointed bankers including Goldman Sachs, Morgan Stanley, and JM Financial to manage its upcoming IPO.
The company is expected to raise approximately $500 million (₹4,500 crore) through the public listing. “The company plans to file its DRHP before the end of the current financial year,” a source familiar with the matter said.
Zepto’s IPO follows a series of strategic steps, including shifting its base back from Singapore to India. Initially targeting a 2025 listing, the company delayed its plans and instead raised $450 million at a valuation of $7 billion earlier this year.
CEO Aadit Palicha told Moneycontrol that Zepto’s order volumes are 40% higher than its closest competitor, highlighting its strong growth in the fast-moving quick commerce sector. Zepto competes with Swiggy’s Instamart, Eternal’s Blinkit, and other rivals.
The sector has seen intense fundraising activity recently. Swiggy raised over ₹11,000 crore via its IPO in November 2024 and plans another ₹10,000 crore through a QIP, while Blinkit’s parent company Eternal raised ₹8,000 crore in a recent funding round. These moves underscore the fierce competition and high cash burn in India’s quick commerce space, as companies build war chests to maintain market dominance.