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Zepto to file IPO papers this month: Report
Business
Zepto, the Bengaluru-based quick commerce startup, is getting ready to file its draft IPO papers with SEBI this month after some delays.
They're hoping to raise $450-500 million by selling new shares and letting early investors cash out a bit.
If all goes well, Zepto could hit the stock market between July and September 2026.
Zepto's IPO plans coincide with Swiggy's fundraising efforts
To get IPO-ready, Zepto has tightened its belt—cutting 800-900 jobs and slashing marketing costs to lower its monthly spending.
The money from the IPO will help fund expansion and daily operations as they face off against tough competition like Swiggy, which is preparing to raise a massive round itself.
Morgan Stanley and other big banks are handling Zepto's listing plans.