Zepto Gears Up for Rs 4,000-Crore IPO Amidst Quick Commerce Boom

• Quick commerce firm Zepto is preparing for an initial public offering of about Rs 4,000 crore ($500 million).
• Draft papers are expected to be filed in Mumbai as early as next week, according to a Bloomberg report.
• Zepto is collaborating with Axis Bank, Motilal Oswal, Morgan Stanley, HSBC, and Goldman Sachs for the IPO.
• Proceeds from the IPO will fund expansion, including its dark-store network and last-mile delivery infrastructure.
• India's quick-commerce sector is experiencing rapid growth and intense competition from players like Swiggy, Zomato, and BigBasket.

Why It Matters: Zepto is set to launch a significant IPO to fuel its expansion in India's competitive quick-commerce market.