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Quick commerce firm Zepto files updated DRHP to raise Rs.8,010-Cr in fresh issue

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Bengaluru-based quick commerce major Zepto has filed an updated draft red herring prospectus (UDRHP-I) for its proposed initial public offering.The IPO consists of a fresh issue of equity shares aggregating up to INR 8,010 crore and an offer for sale (OFS) of 113.47 million shares. Participating investors in the OFS include Nexus Ventures VI Holdings, Nexus Ventures VII Holdings, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals, and Kaiser Permanente Group Trust.Founded in 2020 by Aadit Palicha and Kaivalya Vohra, Zepto operates a platform for the delivery of groceries and daily essentials. The company may conduct a pre-IPO placement of INR 1,602 crore.Axis Capital, Morgan Stanley, Goldman Sachs, Motilal Oswal Investment Advisors, HSBC Securities and Capital Markets (India), JM Financial, and IIFL Capital Services are acting as the book-running lead managers to the issue.During the fiscal year ending March 2026, the company reported revenue of INR 22,623 crore, representing a 2X year-on-year increase, while losses rose 25% to INR 5,905 crore.

Between Jan 2021 and Oct 2025, Zepto had attracted about $ 2,463 M from 2AM Ventures, Contrary Capital, Rocket Internet, Glade Brook Capital, Nexus Venture Partners, Breyer Capital, Y Combinator Continuity Fund, Trifecta Capital, Alteria Capital, Stride Ventures, Goodwater Capital, StepStone Group, Avenir Growth, DST Global, Lightspeed Ventures, Dragon Capital, Epiq Capital, General Catalyst Partners, Claypond Capital, J&A Partners, Motilal Oswal Alternates, Motilal Oswal Wealth, RPSG Capital Ventures and others.