Zepto goes public, targets 2026 IPO

• Zepto has converted into a public limited company ahead of a planned IPO in 2026.
• The quick commerce company aims to raise around $500 million (Rs 4,500 crore) in its public market debut.
• Zepto has picked investment banks including Goldman Sachs, Morgan Stanley, and JM Financial for the IPO.
• The company plans to file its Draft Red Herring Prospectus (DRHP) before the end of the current financial year.
• Zepto flipped its base from Singapore to India and competes in an intense quick commerce market with rivals like Swiggy Instamart and Blinkit.

Why It Matters: Zepto's IPO move signals major shifts in the quick commerce market.