India’s quick commerce firm Zepto fresh issue of shares up to 80.10 bln rupees - document

India’s quick commerce firm Zepto has filed for a fresh issue of shares worth up to 80.10 billion rupees ($1.22 billion) as part of its planned initial public offering (IPO), according to regulatory filings and company disclosures. The Bengaluru-based startup, which operates in the ultra-fast delivery segment, has received key approvals from SEBI and shareholder consent for the offering, which includes both a fresh issue and an offer for sale by existing shareholders. The IPO is expected to be listed on major Indian stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Zepto’s IPO plans come amid intensifying competition in India’s quick commerce sector, where firms like Swiggy, Blinkit, and Amazon Now are vying for market share. The company reported a significant increase in losses in fiscal year 2025, with net losses widening to 33.67 billion rupees from 12.15 billion rupees in the prior year. Despite the losses, the company has attracted investor interest, having been valued at $7 billion in its last funding round in October 2025.

The IPO is being managed by a consortium of investment banks, including Morgan Stanley, Goldman Sachs, and HSBC, among others. The final pricing, timing, and size of the offering will be determined by Zepto’s board in consultation with its bankers.