Quick commerce platform Zepto has filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed US $1 billion (Rs. 9,500 crore) initial public offering (IPO).
The IPO will comprise a fresh issue of shares worth Rs. 8,010 crore (US $ million) and an offer-for-sale (OFS) of 113 million shares by existing investors. The company had confidentially submitted its IPO documents to SEBI in December 2025 and received regulatory approval in May 2026.
Sources familiar with the matter indicated that Zepto is targeting a July listing. If completed, the offering would make Zepto the third quick commerce player to enter the public markets, joining Blinkit parent Eternal and Instamart parent Swiggy. It would also become the first standalone quick commerce company to be listed on Indian stock exchanges.
Zepto was last valued at US $7 billion in October 2025, when it raised US $450 million from investors including CalPERS, General Catalyst, Goodwater Capital and Lightspeed.
The company plans to utilise proceeds from the fresh issue to expand its dark store network across existing and new markets, while also funding lease rentals for current facilities. As of 31st March 2026, Zepto operated 1,139 dark stores across India.
The company also intends to invest in technology and cloud infrastructure, alongside funding marketing and business promotion activities as it seeks to strengthen its position in the increasingly competitive quick commerce sector.
Bharat Tex Special Report 2026 
