Overview
- The confidential DRHP begins Zepto’s run‑up to a listing to raise roughly ₹11,000 crore, with final size and timing dependent on regulatory feedback and market conditions.
- Reports indicate the offer is likely to include a fresh issue alongside an offer for sale by existing investors to fund expansion of dark stores and last‑mile delivery.
- Banks reported to be working on the filing include Axis Bank, Motilal Oswal, and the India units of Morgan Stanley, HSBC, and Goldman Sachs.
- Audited FY25 results reviewed in reports show total income of ₹9,668.8 crore and a net loss of ₹3,367.3 crore, reflecting strong growth with heavier losses.
- Zepto was valued around $7 billion after a $450 million October 2025 round led by CalPERS, and it operates a 10‑minute delivery model with 900+ dark stores across major Indian cities.