The company stated that this new funding would bolster its existing cash reserves of ₹5,681 crore and confirmed that it maintained zero debt as of March 31, 2026.
“In the context of the IPO process, the Board and Founders have received proposals from public market investors to take the company public and are grateful for the expressed interest. Nevertheless, at this moment, supported by the strong financial position of the company, Zepto will focus on ongoing execution,” the company stated.
However, Zepto’s announcement does not imply any postponement of its IPO ambitions. Instead, the company indicated that it is currently prioritizing execution “at this moment.”
Furthermore, it noted that its Draft Red Herring Prospectus (DRHP) will be updated with operational results and financial data in the coming quarters, with intentions to list within the schedule allowed by SEBI under its approved UDRHP.
Zepto aims to raise capital at a valuation of approximately $4.5 billion (about ₹42,925 crore), with the round primarily supported by domestic investors, increasing Indian ownership in the firm from its current rate of around 40%.
This represents a reduction from the $7 billion valuation the company boasted in October 2025, when it secured $450 million in a funding round led by the California Public Employees’ Retirement System (CalPERS).
Founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, Zepto submitted its preliminary IPO documents in December 2025 via the confidential pre-filing route.
According to revised draft documents submitted in June 2026, the company intends to raise ₹8,010 crore through a new share issuance, along with an offer for sale of 11.35 crore equity shares by current shareholders.
For FY26, Zepto reported operational revenue of ₹22,624 crore and a net receivables value (NRV) of ₹24,816 crore. The company managed an average of 17.5 lakh orders per day throughout the year, with volumes increasing to 23.3 lakh orders per day in the quarter ending March 2026.
As of March 31, 2026, Zepto operated 1,139 stores and had an annual transacting user base of nearly 48 million. Upon its listing, it will join Eternal and Swiggy on the stock exchanges, directly competing with their quick-commerce divisions, Blinkit and Instamart.
