Quick commerce startup Zepto in talks to raise IPO size to $800 million-$1 billion: sources
Quick commerce firm Zepto has discussed increasing its IPO size to $800 million–$1 billion, including secondaries, people in the know said. Its CEO, Aadit Palicha, has met top mutual funds in recent weeks to discuss the public offering plans and projected $5.5 billion in gross sales during the final quarter of FY26, while achieving positive Ebitda (excluding ESOPs), sources added. For context, this is nearly equivalent to the annual gross sales of the quick commerce industry last calendar year, according to several brokerages.
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Zepto began working on its IPO plan in mid-2024 with a brief to bankers to raise around $450 million in primary capital. “There will be an overall increase in offering size unless the markets turn wildly the other way. It would be in the range of around $800 million or above, as at least $300–400 million worth of shares may be sold in OFS along with an increase in the primary fundraise through the issuance of new shares,” one of the sources said.
On Tuesday evening, Palicha also briefed employees in a town hall about the company’s financial performance and IPO plans for this year, sources added.
The Bengaluru-based firm, meanwhile, has surpassed 900 dark stores, exceeding its target of 700 by March, as it aims to expand to around 1,000 stores as its new goal.
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