Upcoming IPO: Zepto Files U-DRHP with SEBI; Plans to raise ₹8,010 crore via fresh issue

India's fastest-growing quick-commerce major, Zepto, has taken a further step toward its public market debut by filing an updated draft red herring prospectus (U-DRHP) with the Securities and Exchange Board of India (SEBI) on 8 June 2026. The company is looking to raise funds via a fresh issue and offer for sale (OFS).

Issue Size

As per the U-DRHP, the proposed issue comprises a fresh issue of ₹8,010 crore and offer for sale of up to 113,466,566 equity shares by Nexus Ventures VI Holdings, LLC; Nexus Ventures VII Holdings, LLC; Contrary ZEP Holdings LLC; Razor Ventures Zepto LLC; Kaiser Foundation Hospitals; and Kaiser Permanente Group Trust. 

BRLMs and Registrar

The book-running lead managers for the IPO are Axis Capital Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited, Motilal Oswal Investment Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and IIFL Capital Services Limited (formerly known as IIFL Securities Limited)

KFin Technologies Limited is the registrar of the issue. 

Use of Proceeds

The net proceeds from the fresh issue will be used towards the following objectives:

• Fund capital expenditure towards 
• Expansion of the dark store network by setting up new dark stores in existing and new geographies.
• Lease rentals of existing dark stores
• Investment in technology and cloud infrastructure 
• Investment in subsidiary Zepto Marketplace Private Limited for marketing and business promotion activities 
• Funding inorganic growth through unidentified acquisitions 
• General corporate purposes.

About Zepto

Zepto is India's fastest-growing quick-commerce platform in terms of order volume between FY 2024 and FY 2026. During the period, Zepto's order volume has grown at a CAGR of approximately 119.50%

The platform offers consumers access to tens of thousands of products spanning groceries, fresh produce, personal care items, electronics, home essentials, and other everyday categories. As of 31 March 2026, Zepto operated 1,139 dark stores across multiple cities, supporting a catalogue of over 46,000 stock-keeping units (SKUs) at the local fulfilment level.

On the last-mile delivery front, Zepto relies on a large network of gig workers supported by an in-house logistics platform. The technology platform assists in route allocation, shift planning, earnings management, and payment processing, enabling efficient delivery operations across its service areas. During the three months ended 31 March 2026, the platform facilitated an average of more than 2.3 million orders per day. 

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