IPO · Commerce & Consumer Brands

Zepto files IPO prospectus for fresh issue

By Startup Enthusiast · 14 August 2026

What they do

Zepto is a quick commerce app delivering groceries and essentials in minutes

The company filed its draft red herring prospectus seeking up to ₹8,010 Cr in fresh capital

It aims to be India's first pure-play quick commerce company listed on stock exchanges

Zepto has released its draft red herring prospectus for an initial public offering.
The company plans a fresh issue of shares worth up to ₹8,010 Cr.
This move positions Zepto as a potential India's first pure-play quick commerce company on stock exchanges.
The filing includes details of the company's financial performance and business model restructuring.
Zepto reports significant revenue growth driven by its marketplace and supply chain operations.
The company continues to operate with a net loss despite rising revenues.
Founders Aadit Palicha and Kaivalya Vohra remain central to the company's leadership.

Zepto faces competition from established players like Swiggy Instamart and Blinkit.
Other giants like Amazon and Flipkart are also entering the quick commerce space.
The company had to restructure its legal entity to comply with FDI policy constraints.
Zepto pivoted from a B2B supply chain startup to a B2C delivery app in 2021.

Zepto operates a marketplace platform where merchants sell products for a commission.
It sources products from brands and sells them to wholesalers and retailers.
The company previously operated dark stores but shifted to a marketplace structure.
Its supply chain business serves smaller retailers on a non-exclusive basis.
Zepto generates revenue from sales of traded goods and various services.
Services include warehousing, packaging, last-mile delivery, and advertising.
Advertising revenue grew significantly to ₹1,635.73 Cr in FY26.
The company was renamed Zepto Limited after converting to a public company.

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.