Quick-commerce major Zepto has received approval from the Securities and Exchange Board of India (SEBI) for its highly awaited initial public offering (IPO).
The company, led by Aadit Palicha, is aiming to raise around Rs. 10,000–Rs. 12,000 crore (US $1.2–US $1.3 billion) through its IPO, which will include a mix of fresh issues and an offer for sale (OFS) by early investors.
The approval follows a confidential filing route, enabling the company to refine its issue structure and timing without disclosing sensitive financial details publicly.
Zepto was last valued at around US $7 billion after a US $450 million funding round in 2025 and has raised over US $2.3 billion to date. Its IPO, expected between July and September 2026, is likely to serve as a key benchmark for the q- commerce sector.
The company reported total income of Rs. 9,668.76 crore (US $1.04 billion), more than doubling from Rs. 4,223.91 crore (US $456 million) in FY ’24. However, its net loss widened to Rs 3,367.28 crore (US $363 million) in FY ’25 from Rs 1,214.67 crore (US $131 million) in the previous fiscal year.
On the dark store front, competition remains intense. Blinkit is expected to cross 2,100 stores by December 2025, while Swiggy Instamart and Zepto had around 1,136 and 1,150 stores, respectively. Flipkart is targeting over 1,500 stores by 2026, and Amazon currently operates about 450–500 stores.
Bharat Tex Special Report 2026 
