In a significant move that underscores the growing investor confidence in India’s quick commerce sector, Mumbai-based startup Zepto is reportedly gearing up to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) within the next two to three weeks. The much-anticipated initial public offering (IPO) could make Zepto one of the youngest Indian startups to go public, coming just months after achieving unicorn status in 2023.
IPO Filing On The Horizon
According to reports, Zepto’s management and its financial advisors are currently finalising the details of the offer structure, valuation, and the list of book-running lead managers. The filing of D
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