Overview
- Zepto submitted a pre‑filed draft prospectus to SEBI under the confidential mechanism, and a public notice said it seeks ₹110 billion of fresh capital.
- Advisers on the proposed offering include Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities and Motilal Oswal, with shareholder approval secured on December 23.
- Reports indicate the float could combine a fresh issue with an offer for sale, with proceeds expected to expand dark stores and last‑mile delivery infrastructure.
- For FY25, revenue rose to ₹9,669 crore as net loss widened to ₹3,367 crore, and the company operated 900‑plus dark stores after rapid expansion.
- Zepto was valued at $7 billion in an October 2025 round led by CalPERS and competes with Blinkit, Instamart, Flipkart Minutes and Amazon Now as industry voices warn about sustained losses.