Zepto unveiled plans for an initial public offering in India, with the IPO potentially valued at approximately $1 billion. The quick-commerce company intends to raise up to ₹80.1 billion through a new share issuance as part of the offering.

The IPO also includes an offer-for-sale of up to 113.5 million shares. These shares are held by current investors Nexus Venture Partners, Contrary, and Razor Ventures. Additionally, Zepto plans to raise up to ₹16.02 billion in a pre-IPO placement, and Y Combinator-affiliated funds, Lightspeed, StepStone, Lachy Groom, and Glade Brook will not participate in the offer-for-sale, choosing to retain their shares.

Zepto's operating revenue increased 104% year-over-year, reaching ₹115.5 billion in fiscal 2026. The company's advertising revenue also saw a 151% year-over-year increase, totaling ₹16.4 billion in fiscal 2026. In the same fiscal year, Zepto processed over 640 million orders, approximately doubling its annual order volume from the previous fiscal year, and its annual transacting users reached about 48 million.

Zepto, founded in 2021 by Aadit Palicha and Kaivalya Vohra, operated 1,139 stores and experienced an increase in average orders per store during fiscal 2026. However, the company reported a net loss of ₹59.1 billion in fiscal 2026, an increase from a net loss of ₹47.0 billion in the prior fiscal year. It competes in the quick-commerce market against Zomato-owned Blinkit and Swiggy-owned Instamart. The company stated in its filing that it may continue to incur losses and may not sustain historical growth rates.

The company was valued at $7 billion during a funding round completed in October. Some mutual funds and family offices indicated valuations below Zepto's last private funding round. In April, its founders received summonses from India's Enforcement Directorate. The Directorate requested information concerning foreign investments, the company's shareholding structure, and compliance regarding foreign-exchange laws. The founders appeared before the agency and submitted the requested documents. The company stated it has not received further communications from the agency but also stated in its filing that it cannot rule out future regulatory inquiries, investigations, or penalties.

No independent assessment was available for this report.