India’s quick commerce landscape is heating up, and at the center of this excitement is Zepto — the lightning-fast grocery and essentials delivery company that has transformed from a startup into a billion-dollar powerhouse. With over 1.1 to 1.3 million daily orders and a network of 900+ dark stores, Zepto is now gearing up for one of India’s most anticipated IPOs, estimated to raise between $800 million and $1 billion.
Founded in 2021 by Stanford dropouts Kaivalya Vohra and Aadit Palicha, Zepto has shown a rare pace of growth, reaching $3 billion in gross sales, closing in on Blinkit’s $3.7 billion mark. What’s even more impressive is its rapid expansion beyond groceries. Zepto now generates over ₹200 crore every month from non-grocery items like electronics and apparel — a segment that has become crucial to its broader vision.
Zepto’s Road to the IPO
Zepto’s IPO journey is the result of strategic moves and strong investor backing. The company has attracted funding from top institutional investors like Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. In a recent funding round, Zepto raised $350 million, bringing its total cash reserves to about $1.4 billion, further strengthening its IPO ambitions.
To prepare for the public offering, Zepto has undergone important structural changes. In early 2025, the company completed a “reverse flip,” officially moving its parent entity from Singapore to India — a crucial step to meet SEBI’s listing requirements. The National Company Law Tribunal approved the merger between Kiranakart Pte Ltd and its Indian entity, aligning the business legally and operationally for the IPO.
In addition, Zepto rebranded its parent firm to Zepto Private Limited from Kiranakart Technologies Private Limited, a move aimed at improving brand visibility in the public markets.
The IPO Timeline and Financial Setup
While the exact IPO date has not been confirmed, the company is expected to file its Draft Red Herring Prospectus (DRHP) between March and April 2025. The IPO itself is likely to go live in early 2026, giving investors additional time to prepare.
Initially, Zepto planned to raise around ₹38,000 crore, but growing investor interest and strong financial performance have pushed that number closer to ₹67,500 crore. With Goldman Sachs, Morgan Stanley, and Axis Capital onboard as lead bankers, Zepto is positioned for a robust market debut.
The company has also initiated governance enhancements, such as bonus share issuances and the onboarding of independent directors, which adds credibility and stability to its public offering plan.
How to Apply for Zepto’s IPO Through Zerodha
For new investors or those unfamiliar with IPO applications, Zepto’s public listing will be available through major stockbrokers like Zerodha, which offers a streamlined process via its Zeroth platform.
To get started, you’ll need a Zerodha trading and demat account, a valid UPI ID, and a bank account in your name. When the IPO opens, investors will be able to place up to three bids within the allowed price range. The funds in your bank account will be temporarily blocked (not debited) under the ASBA system, and are only withdrawn if your shares are allotted.
The minimum investment is expected to be around ₹14,900, though this will be officially confirmed once the DRHP is filed and the IPO price band is finalized.
Once the bidding window closes, allotment status can be checked on the registrar’s website, likely Link Intime or Bigshare Services, using your PAN number or application ID. The IPO will then be listed on both BSE and NSE, likely by mid-2026.
What Makes Zepto’s IPO Special?
Zepto’s rise is not just another tech story — it represents a shift in how India shops. With its dark store model and 10-minute delivery promise, the company has created a niche that’s both efficient and scalable. It has also managed to tap into new verticals beyond groceries, including fashion and electronics, increasing its average order value and customer stickiness.
The company’s move to delay its IPO from mid-2025 to early 2026 is a strategic one. According to insiders, Zepto wants to focus on improving profitability and market share before going public. This added time gives potential investors more breathing room to analyze the business and make informed decisions.
Final Thoughts
Zepto’s IPO is shaping up to be one of the most significant public offerings in India’s startup ecosystem. With a massive user base, growing revenue streams, and strong investor confidence, the company is well-positioned to make a splash in the public market.
If you’re considering investing, now is a good time to get your Zerodha account ready, keep your UPI ID linked, and stay updated on upcoming DRHP filings. Whether you’re an experienced investor or someone entering the market for the first time, Zepto’s IPO offers a rare opportunity to participate in the success of a new-age, fast-growing Indian company.
Stay tuned as more information rolls out. This is one IPO you don’t want to miss.
Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Please consult a certified financial advisor before making any investment decisions. IPO details may change based on regulatory approvals and market conditions.
