Zepto IPO: Quick Commerce Giant to File Application Tomorrow, Eyes 2024 Listing

• Quick commerce firm Zepto to submit confidential IPO application to SEBI on December 26.
• Company aims for a stock market listing in 2024, potentially becoming one of the fastest startups to go public.
• Founded in Bengaluru in 2020, Zepto could list within six years of establishment.
• Zepto previously selected bankers for IPO, targeting to raise $500 million; last valued at $7 billion.
• The quick commerce sector, including rivals Blinkit and Swiggy, is experiencing intense competition.

Why It Matters: Zepto is set to file its IPO application, aiming for a rapid public listing in 2024.