Zepto targets up to $837 mn via IPO
The company has reported that revenue more than doubled during the last financial year
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Published: Jun 10, 2026 10:40 AM | 1 min read
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- Zepto plans to raise up to $837 million through its upcoming initial public offering (IPO), as reported in IPO documents.
- The company experienced more than double revenue growth in the last financial year, driven by increased demand for rapid delivery services in urban India.
- Despite revenue growth, Zepto's losses have widened due to heightened investments in operations, infrastructure, and customer acquisition.
- The IPO will include a fresh issue of shares worth up to ₹80.1 billion, with existing investors expected to sell up to 113.5 million shares in the offer-for-sale component.
Zepto is aiming to raise as much as $837 million through its upcoming initial public offering, according to reports citing IPO documents.
The company has reported that revenue more than doubled during the last financial year, reflecting the continued rise in demand for rapid delivery services across urban India. However, losses widened significantly as Zepto accelerated investments in operations, infrastructure and customer acquisition.
Zepto first filed confidentially for a proposed ₹110 billion ($1.15 billion) IPO in December.
According to the filing, Zepto plans to deploy proceeds from the IPO toward expanding its network of dark stores. The company has said it also intends to invest in technology capabilities, cloud infrastructure and potential acquisition opportunities.
The offering will include a fresh issue of shares worth up to ₹80.1 billion. In addition, existing investors, including Nexus Venture Partners and Contrary ZEP Holdings, are expected to sell up to 113.5 million shares through the offer-for-sale component.
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