Overview
- SEBI issued an observation letter on Zepto’s draft red herring prospectus, the preliminary IPO document that signals permission to proceed.
- Zepto is expected to submit an updated prospectus within six to eight weeks, according to Inc42.
- The company used the confidential pre-filing route in December 2025 for a ₹11,000–12,000 crore offer that was expected to be mostly a fresh issue.
- People close to the process told YourStory the target may be revised to about ₹8,000–9,000 crore, with pricing and the final mix still open.
- Founded by Aadit Palicha and Kaivalya Vohra in Bengaluru, Zepto competes with Blinkit and Swiggy Instamart as investors scrutinize unit economics in quick commerce.