Quick-commerce unicorn Zepto has officially transitioned into a public limited company, a key step toward its stock market debut, according to a report from PTI. The company has amended its name from Zepto Private Limited to Zepto Limited following approval from shareholders.
The move comes as Zepto prepares to file its draft red herring prospectus (DRHP) before December 15, setting the stage for one of the most closely watched IPOs in India’s new-age economy.
This transition follows Zepto’s recent $450 million fundraise, where approximately $300 million came as primary capital from existing backers including Lightspeed, Avenir Growth, and General Catalyst. The round valued the Mumbai-based startup at $7 billion, positioning it as India’s first IPO-bound unicorn in the quick-commerce space.
The company may raise $450–500 million through the public issue, people familiar with the matter said.
Zepto has delivered strong growth as it scales its 10-minute delivery network across major metros:
FY24 Revenue: ₹4,454 crore (up from ₹2,026 crore in FY23),
FY24 Loss: ₹1,249 crore (marginal improvement from ₹1,272 crore in FY23) and
FY25 Revenue (so far): Nearly ₹11,110 crore
With rapid top-line expansion, improving operational efficiency, and investor confidence rising, Zepto’s shift to a public company structure signals it is now gearing up for the final leg of its IPO journey.
