Funding News: Zepto Clears Rs 11,000 Crore Fundraise as IPO Plans Take Shape

Company: Zepto

Founders: Aadit Palicha and Kaivalya Vohra

About us: Zepto is a quick commerce startup in India, focused on ultra-fast grocery delivery. The company leverages technology and operational efficiency to deliver groceries and essentials to customers within minutes, redefining instant delivery in urban markets.

Founded Year: 2021

Office: India

Sector: Quick Commerce / e-Commerce

Funding Round: Equity raise & Offer for Sale (OFS)

Investors: Not specified, includes existing investors participating in OFS

Quick commerce startup Zepto has taken a major step toward going public after its board approved a plan to raise up to Rs 11,000 crore through a mix of fresh equity issuance and an offer for sale (OFS) by existing shareholders. The decision was disclosed in regulatory filings accessed by report.

The approval comes just ahead of Zepto’s plan to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently transitioned into a public limited entity, a key milestone in its IPO journey.

Website: https://www.zepto.com