Zepto Files Confidential IPO for Rs 11,000 Crore, Targets 2025 Listing

• Quick-commerce unicorn Zepto has confidentially filed draft IPO papers with SEBI to raise Rs 11,000 crore.
• The company aims for a stock-market debut next year, becoming one of India's youngest listed startups.
• The confidential filing route allows regulatory feedback and flexibility without public disclosure, reducing early scrutiny.
• Zepto, valued at USD 7 billion, has raised USD 1.8 billion since inception, including USD 450 million in Oct 2025.
• Founded by Aadit Palicha and Kaivalya Vohra, Zepto operates over 900 dark stores, reporting USD 3 billion gross sales by Sept 2025.

Why It Matters: Zepto initiates its public market journey with a confidential Rs 11,000 crore IPO, targeting a 2025 listing.