Quick-commerce unicorn Zepto has filed its updated draft red herring prospectus with plans to raise Rs 8,010 crore through fresh issue of shares and an offer for sale for 113.47 million shares from existing investors.
This will be a much awaited initial public offering (IPO) as Zepto intensely competes against Eternal's Blinkit and Swiggy’s Instamart in the quick commerce space.
The shareholders selling in the planned IPO will be Nexus Ventures, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals, and Kaiser Permanente Group Trust.
Founded in 2020 by Aadit Palicha and Kaivalya Vohra, Zepto reported a revenue of Rs 22,624 crore for FY26 compared to Rs 11,110 crore in FY25.
However, the losses widened to Rs 5,905 crore in FY26 compared to Rs 4,700 crore in FY25.
