Quick-commerce firm Zepto eyes $500M India IPO filing next week

• Zepto is preparing to file for an initial public offering (IPO) of about $500 million in Mumbai.
• The grocery delivery firm expects to submit its draft prospectus as early as next week through a confidential route.
• Axis Bank, Motilal Oswal, Morgan Stanley, HSBC, and Goldman Sachs are assisting with the IPO.
• The offering will include a fresh issue and secondary share sales by existing investors, with proceeds earmarked for expansion.
• Zepto operates in India's rapidly expanding quick-commerce sector and was valued at $7 billion after its October fundraising.

Why It Matters: Zepto's planned IPO highlights the booming quick-commerce market in India.