India’s quick-commerce major Zepto is looking to raise as much as $837 million through its upcoming initial public offering (IPO), according to reports citing its regulatory filings.
The company, which first filed confidentially in December for a proposed ₹110 billion ($1.15 billion) listing, has reported that its revenue more than doubled in the last financial year. The growth reflects rising demand for ultra-fast grocery and essentials delivery across urban India. However, its losses also widened significantly as the company ramped up spending on logistics, infrastructure, and customer acquisition.
As per the filing, Zepto plans to use the IPO proceeds primarily to expand its network of dark stores, strengthen technology capabilities, and scale its cloud infrastructure. It has also indicated potential use of funds for strategic acquisitions.
The offering will include a fresh issue of shares worth up to ₹80.1 billion, alongside an offer-for-sale component of up to 113.5 million shares. Existing investors, including Nexus Venture Partners and Contrary (via ZEP Holdings), are expected to partially exit through the transaction.
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