Zepto Files Confidential IPO Papers Today, Targets 2026 Listing

• Quick commerce operator Zepto is filing confidential IPO papers today, targeting a July-September 2026 listing.
• Revenue soared to ₹11,109 crore in FY25, up from ₹4,498 crore in FY24, but net loss tripled to ₹3,367 crore.
• Valued at $7 billion in October 2025, Zepto recently added 1.2 million weekly active users, its highest gain.
• Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities, and Motilal Oswal are BRLMs.
• Founded by Aadit Palicha & Kaivalya Vohra, Zepto is backed by major institutional investors.

Why It Matters: Zepto begins IPO journey today, demonstrating significant revenue growth despite increasing losses.