After online food tech players Zomato and Swiggy entered the Dalal street, another quick commerce startup, Zepto, is in the limelight and making strategic moves ahead of its highly anticipated IPO. The Bengaluru-based company, co-founded by Aadit Palicha and Kaivalya Vohra, is working towards increasing Indian ownership, and setting the stage for its public market debut.
Let’s take a look at the five major updates on Zepto’s latest funding, valuation, and expansion plans.
Zepto IPO buzz: Secondary share sale worth $250 million underway
As per the Bloomberg report, to boost Indian ownership ahead of its IPO, Zepto is facilitating a secondary share sale of up to $250 million which is approximately Rs 2,100 crore. This means existing investors and employees can sell their shares, though the company itself won’t raise additional capital in the process.
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Zepto is in discussions with the private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Service for the secondary share sale, added the Bloomberg report.
As per this move, the company is aiming to increase its Indian stake holding in the firm before it goes public.
Zepto IPO buzz: Aiming for 50% Indian ownership
As of now, Indian investors hold over 33% of Zepto’s capital, with the founders owning around 20%. The quick commerce platform aims to raise this share to approximately 50% before its IPO
Zepto’s valuation remains steady at $5 billion
Despite ongoing discussions, Zepto has maintained a stable valuation of $5 billion. The company recently secured a $350 million funding round, led by Motilal Oswal’s private wealth division, adding to its total funding pool of over $1 billion
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While an exact date is yet to be confirmed, as per reports, Zepto is expected to launch its IPO by late 2025 or early 2026. By increasing Indian ownership and allowing early investors to exit, the company is setting the stage for a stock market debut.
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