Zepto Ltd., a rapid-commerce firm, is set to publicly file for an initial public offering (IPO) in early June, with expectations to raise up to $1 billion, according to sources familiar with the matter. The company, known for its 10-minute delivery service, is planning to host investor roadshows starting next month and aims to launch the IPO as early as July.
The forthcoming IPO is anticipated to comprise both new shares and secondary sales by existing investors, with the proceeds intended to support the company’s expansion plans. Details surrounding the offering, including its timing and size, are still subject to change as discussions are ongoing.
If successful, Zepto’s IPO could represent the second billion-dollar public offering in India this year, following SBI Funds Management’s planned share issuance. Such deals may contribute to revitalizing market activity that has seen a slowdown due to cautious investor sentiment in light of the ongoing economic implications stemming from the Iran war. So far in 2026, local companies have collectively raised $3.5 billion through initial share offerings, significantly below the record figures recorded in the preceding two years.
A spokesperson for Zepto declined to provide comments on the matter.
The company’s valuation reached $7 billion during its last funding round in October, where it raised $450 million. Zepto competes with major players such as Amazon’s India division, Swiggy Ltd., Zomato, and BigBasket, which is backed by Tata Group.
Zepto is collaborating with Axis Capital Ltd., Motilal Oswal Investment Advisors Ltd., along with local branches of Morgan Stanley, HSBC Holdings Plc, and Goldman Sachs Group Inc. for the share sale.
The company confidentially submitted its draft IPO documents at the end of December last year and received regulatory feedback on May 10. As per local regulations, companies must publicly disclose their prospectuses for a minimum of 21 days before proceeding with an offering.
More updates can be found at bloomberg.com.
Published on May 25, 2026
