Home / Business and Economy / Zepto Eyes $500M IPO Amidst Fierce Indian Quick Commerce Race
Zepto Eyes $500M IPO Amidst Fierce Indian Quick Commerce Race
16 Dec
Summary
- Zepto is reportedly preparing to file for a $500 million IPO in Mumbai soon.
- The company recently raised $450 million in October, valuing it at $7 billion.
- Zepto competes fiercely with Amazon, Swiggy, Zomato, and BigBasket in India.
Grocery delivery startup Zepto is reportedly preparing to submit draft papers for a substantial $500 million initial public offering in Mumbai, with filings potentially happening as early as next week. This significant financial move comes after Zepto successfully raised $450 million in October, achieving a valuation of around $7 billion.
The company is said to be engaging leading financial institutions to manage the process, which is expected to include both new share issuances and sales by existing investors. The funds raised are earmarked for fueling Zepto's ongoing expansion and solidifying its position in India's competitive quick-commerce sector.
