IPO · Commerce & Consumer Brands

Zepto plans IPO around August 2025

By Startup Enthusiast · 7 September 2024

What they do

Zepto delivers groceries and household items in 10-15 minutes via dark stores

It initiated IPO talks with Goldman Sachs, Morgan Stanley and Axis Capital for a ~$450M fresh issue plus offer for sale

The IPO depends on moving its headquarters from Singapore to India, a process already underway

Zepto has initiated talks with Goldman Sachs, Morgan Stanley and Axis Capital for an IPO.
The IPO is anticipated around August 2025.
It will include a fresh share issuance of ~$450M plus an offer for sale from existing investors (amount not yet decided).
The IPO is contingent on relocating the company's headquarters from Singapore to India, a process already underway.
In August 2024, Zepto raised $340M in funding.
It became a unicorn (startup valued at over $1B) in August 2023 after a $200M round.
Subsequent rounds: $31.25M in Nov 2023, $665M at $3.6B valuation in Jun 2024, and $340M at $5B valuation in Aug 2024.

Zepto operates in the quick commerce space, delivering groceries, household items and electronic accessories.
It promises delivery in 10-15 minutes.
The company uses a network of dark stores (small warehouses located near high-demand areas) to fulfill orders quickly.

Product: A rapid-delivery app for groceries and everyday essentials.
Customers: Consumers ordering groceries and essentials online.
How it makes money: It earns from product margins, delivery fees, and order-value thresholds across its quick-commerce network.
What sets it apart: It was built as a quick-commerce native company from day one.
Operations: Operates dark-store based 10-minute delivery across multiple Indian cities.