The reports noted that Zepto is eyeing to raise around Rs 11,000 crore in fresh capital, while the rest will be for early investors who are offering shares for sale
Quick commerce major Zepto is set to file the draft papers for a USD 1.3 billion (around Rs 11,680 crore) initial public offering (IPO) as early as Friday, as per the media reports. The move will place Zepto alongside its listed competitors Swiggy and Eternal in the country’s retail tech landscape.
The reports noted that Zepto is eyeing to raise around Rs 11,000 crore in fresh capital, while the rest will be for early investors who are offering shares for sale. The company’s shareholders cleared its plan to raise up to Rs 11,000 crore via an issue of fresh shares on 23 December at an extraordinary general meeting, the reports cited filing with the Registrar of Companies.
The company is looking to file the draft red herring prospectus (DRHP) under the confidential facility provided by the Securities Exchange Board of India (Sebi). The reports noted that this allows the companies to alter the IPO size a later stage.
The reports highlighted that the company raised USD 450 million in October in a round led by the California Public Employees’ Retirement System at a valuation of USD 7 billion. On the financial performance front, Zepto reported Rs 9,669 crore in revenue in the previous financial year (FY25), as per the reports which cited the RoC filing. The net loss of the company rose to Rs 3,367 crore.
Highlighting that 25 Lakh fast-moving consumer goods (FMCG) units get processed through automated assets across the company’s supply chain every day, Aadit Palicha, the Co-founder and Chief Executive Officer (CEO) of Zepto, stated that the company has scaled automation operations pan India.
“Over the past 12 months, our operations and tech teams have meticulously implemented automation across our backend supply chain. Today, I am excited to announce that we have scaled automation operations pan India,” Palicha wrote in a LinkedIn post.
Palicha added that this has translated into a 45 per cent improvement in manpower productivity (outbound), when compared to manual operations. It has resulted in hundreds of crore of annual operating cost savings for our business, he noted.
