Zepto Converts to Public Limited Company Ahead of IPO Plans

Overview

• Shareholders approved the conversion from a private to a public company on November 21, and filings reflect a name change to Zepto Limited.
• The quick-commerce firm is valued at about $7 billion after a recent $450 million round led by CalPERS, bringing total funding to roughly $1.8 billion.
• A company spokesperson said order volume is growing 20–25% per quarter while cash burn is falling, pointing to improved capital efficiency.
• As of September 2025, Zepto operated more than 900 dark stores, generated roughly $3 billion in gross sales, and reported cash burn of Rs 1,000–1,100 crore.
• Co-founder Kaivalya Vohra has emphasized disciplined investment, aligning with investor focus on frugality and predictable unit economics in quick commerce.