India's quick commerce industry is already entering its most fiercely contested phase. Blinkit, Zepto and Swiggy Instamart are battling aggressively for market share while deep-pocketed entrants Amazon and Flipkart step up their presence in the segment. Now, Zepto's proposed Rs 9,500 crore IPO threatens to raise the stakes further.
ET reported that Zepto on Monday filed its updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a $1 billion (Rs 9,500 crore) initial public offering, moving closer to one of the year's most anticipated new-age listings. The IPO will comprise a fresh issue of shares worth Rs 8,010 crore and an offer-for-sale (OFS) of 113 million shares by existing shareholders, according to the updated prospectus. The five-year-old company had filed its IPO papers confidentially with Sebi in December 2025 and received the regulator's approval in May. People aware of the matter told ET that Zepto is targeting a July listing. That would make it the third quick commerce player in the public market, alongside Blinkit parent Eternal and Instamart parent Swiggy. The IPO will also make Zepto the first standalone quick commerce company to list on Indian stock exchanges.
