Quick commerce company 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), seeking to raise capital to support expansion, technology upgrades and future growth initiatives.
The proposed issue comprises a fresh issue of equity shares aggregating up to ₹8,010 crore and an offer for sale of up to 11,34,66,566 equity shares with a face value of ₹5 each. The company said proceeds from the fresh issue will be used to expand its dark store network across existing and new geographies, meet lease rental expenses for existing dark stores, invest in technology and cloud infrastructure, strengthen brand visibility through marketing initiatives, and fund inorganic growth opportunities and general corporate purposes.
According to the Redseer Report, Zepto emerged as the fastest-growing quick commerce platform in India in terms of order volume among scaled players between Fiscal 2024 and Fiscal 2026, registering a CAGR of about 119.5%. As of March 31, 2026, the company operated 1,139 dark stores and offered an average of 46,623 SKUs across categories ranging from fresh produce to electronics and cosmetics.
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 31, 2026, its automated supply chain processed an average of nearly four million units daily, while over 286,670 active delivery partners fulfilled approximately 2.33 million orders per day.
In Guwahati, the rapid growth of quick commerce platforms reflects changing consumer preferences across urban centres in Northeast India. Increased demand for faster delivery of groceries, electronics and household essentials is expected to drive investments in warehousing, logistics and last-mile delivery infrastructure, creating new business opportunities in the Guwahati market and strengthening the region’s role in India’s digital commerce ecosystem.
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 the book running lead managers to the issue.
