Zepto files for $1.3-billion IPO: Report

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Zepto files for $1.3-billion IPO: Report

In a significant development, the quick commerce platform Zepto has received approval from its board of directors for a $1.3 billion (approximately ₹11,680 crore) Initial Public Offering (IPO) with markets regulator SEBI, according to sources. This move is expected to be a major milestone for the company, which has been making waves in the Indian e-commerce industry with its rapid delivery model.

As per the reports, the company plans to raise around ₹11,000 crore through a fresh issue, while the remaining amount will be raised by early investors selling their shares. The shareholders approved the IPO on December 23, paving the way for the company to move forward with the listing process.

Zepto’s decision to go public is a testament to the growing demand for quick commerce services in India. The company has been expanding its operations rapidly, and its IPO is expected to provide a significant boost to its growth plans. With the funds raised from the IPO, Zepto is likely to invest in strengthening its logistics and supply chain, as well as expanding its services to new markets.

The Indian e-commerce industry has been witnessing a significant surge in recent years, driven by the increasing adoption of online shopping among consumers. The COVID-19 pandemic has further accelerated this trend, with more and more people turning to online platforms for their daily needs. Zepto, with its focus on quick commerce, has been well-positioned to capitalize on this trend.

The company’s business model is based on providing rapid delivery of groceries and other essentials to customers. Zepto has been able to achieve this through its network of dark stores, which are essentially small warehouses that are used to store inventory. The company uses a combination of technology and logistics to ensure that orders are fulfilled quickly and efficiently.

Zepto’s IPO plans are also expected to provide a boost to the Indian startup ecosystem. The company’s success is likely to inspire other startups to explore the public markets, and its listing is expected to provide a benchmark for valuations in the industry.

The Indian IPO market has been witnessing a significant surge in recent years, with several high-profile listings taking place in 2021. The market is expected to remain buoyant in the coming years, driven by the growing demand for Indian stocks among investors.

Zepto’s IPO is expected to be one of the most highly anticipated listings of the year, and the company’s plans to raise $1.3 billion are likely to generate significant interest among investors. The company’s growth prospects, combined with its unique business model, make it an attractive proposition for investors looking to tap into the Indian e-commerce industry.

In conclusion, Zepto’s decision to file for a $1.3 billion IPO is a significant development for the Indian e-commerce industry. The company’s plans to raise funds through a fresh issue and offer for sale are expected to provide a boost to its growth plans, and its listing is likely to provide a benchmark for valuations in the industry. With the Indian IPO market expected to remain buoyant in the coming years, Zepto’s IPO is likely to be one of the most highly anticipated listings of the year.

About Zepto

Zepto is a quick commerce platform that provides rapid delivery of groceries and other essentials to customers. The company was founded in 2021 and has been expanding its operations rapidly since then. Zepto’s business model is based on providing quick and efficient delivery of orders through its network of dark stores.

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