Zepto has filed updated draft papers for an initial public offering (IPO) comprising a fresh issue of ₹8,010 crore and an offer-for-sale by existing investors, weeks after receiving SEBI’s approval, according to inc42.com. The quick commerce startup plans to use the proceeds to expand its dark store network, invest in subsidiaries, and pursue inorganic growth opportunities.
The IPO filing comes amid a cautious public market environment where investors increasingly prioritise profitability and predictable cash flows. Zepto’s losses widened 26% year-on-year to ₹5,905.2 crore in fiscal year 2026, while its operating revenue more than doubled to ₹22,623.6 crore. The company’s decision to proceed contrasts with other startups like Curefoods, which have deferred IPO plans due to valuation concerns and investor sentiment.
Zepto’s move highlights a divide among late-stage Indian startups regarding public market entry. While some companies delay IPOs awaiting better market conditions, Zepto is betting that investors will back category leaders with strong growth despite ongoing losses. This approach reflects a broader trend where market participants weigh growth potential against profitability, especially in sectors like quick commerce where scale is critical.
The IPO filing marks a significant step for Zepto, which will test investor appetite for loss-making but rapidly growing startups. The company’s next regulatory update is expected as it progresses through the SEBI review process, with market watchers closely tracking subscription levels and pricing upon the IPO launch.