Zepto Limited has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO), marking a major step for one of India’s fastest-growing quick commerce platforms.
The proposed IPO comprises a fresh issue of shares worth up to ₹8,010 crore and an offer for sale of up to 11.34 crore equity shares with a face value of ₹5 each. The company plans to use the proceeds from the fresh issue to expand its dark store network, fund lease rentals for existing facilities, invest in technology and cloud infrastructure, support marketing and brand promotion through Zepto Marketplace Private Limited, and pursue inorganic growth opportunities, including acquisitions.
According to a Redseer Report, Zepto was the fastest-growing quick commerce platform in India in terms of order volume among scaled players between Fiscal 2024 and Fiscal 2026, recording a compound annual growth rate (CAGR) of around 119.5%. As of March 31, 2026, the company operated 1,139 dark stores and listed an average of 46,623 stock-keeping units (SKUs) across categories ranging from groceries to electronics.
For Fiscal 2026, Zepto reported net revenue of ₹22,623.58 crore and Net Revenue Value (NRV) of ₹24,815.54 crore. The platform served 47.97 million annual transacting users, while advertisement revenue stood at ₹1,635.73 crore. During the quarter ended March 2026, Zepto processed an average of nearly four million units daily and delivered about 2.33 million orders per day through a network of over 286,000 active delivery partners.
In Guwahati, the continued expansion of quick commerce platforms is reshaping consumer buying patterns in Northeast India. Growing demand for faster deliveries of groceries, household products and daily essentials is expected to create opportunities for logistics, warehousing and technology-linked businesses in the Guwahati market, which is increasingly emerging as a key consumption hub for the region.
The company’s equity shares are proposed to be listed on the BSE and NSE. Axis Capital, Morgan Stanley India, Goldman Sachs (India) Securities, MotilalOswal Investment Advisors, HSBC Securities and Capital Markets (India), JM Financial and IIFL Capital Services are acting as the book running lead managers to the issue.