Quick-commerce company Zepto, which is in the process of listing on Indian stock markets, is said to be looking to raise as much as Rs 11,000 crore in the initial public offering.
A report by Entrackr indicates that a request by the Zepto board to increase the amount has been endorsed by a combination of fresh equity issue and offer for sale (OFS) by the current shareholders. Storyboard18 was not able to verify the information on its own.
The announced IPO plans are reported in the context of a steep rise in the scale and losses incurred by the company. The report stated that Zepto’s turnover, other incomes, such as rose to Rs 9,668.76 crore in FY25, more than doubling from Rs 4,223.91 crore in FY24.
However, the net loss of the company increased to Rs 3,367.28 crore in March 2025 against the net loss of Rs 1,214.67 crore in the last financial year, as the company continued to spend heavily on growth and expansion.
The Bengaluru-based company’s public market ambitions are based on aggressive fundraising that has been conducted in the last 18 months, wherein the firm has raised nearly $2 billion in funds raised by global investors.
Zepto raised approximately $450 million (approximately Rs 4,000 crore) in a financing round headed by California Public Employees’ Retirement System (CalPERS) and General Catalyst in October.
This round valued Zepto at around $7 billion and solidified the company as one of the most highly valuable consumer internet companies in India.
Zepto competes in a highly competitive market of quick-commerce with Zomato-owned Blinkit, Swiggy Instamart, Tata Group-owned BigBasket, Flipkart Minutes, and Amazon Now. Blinkit is the current market leader, and Instamart and Zepto have been trading in the second and third positions.
A Moneycontrol report claims that Swiggy, Zepto, and Blinkit are sitting on a sum of money or cash exceeding Rs 40,000 crores, which are being invested to further propel the dark-store growth and enhance the last-mile delivery system in the major urban centres.
