Zepto, the fast-growing quick commerce startup, has finalized Goldman Sachs, Morgan Stanley, and Axis Capital as key advisors for its upcoming initial public offering (IPO). Zepto selects Goldman Sachs as one of the key players in this process, alongside the other investment banks. While these three institutions have been confirmed, Zepto plans to bring more financial institutions on board for its IPO syndicate. The company aims to raise between $450 million to $500 million through the issuance of fresh shares.
Currently headquartered in Singapore, Zepto is in the process of relocating its base to India to meet the regulatory requirements for listing on Indian stock exchanges. The IPO is scheduled to launch in the second half of 2025, with many industry insiders and market analysts closely watching this highly anticipated event.
Zepto’s rapid rise has attracted considerable investor interest. The company recently completed a significant $1 billion fundraising effort through two rounds of investments within just 60 days, a feat that has drawn attention across the tech sector. This move towards a public listing closely follows rival Swiggy’s announcement that it is preparing to file its draft red herring prospectus (DRHP) in the coming days.
“Zepto is planning to go public around August 2025,” said a source familiar with the company’s IPO strategy. As more tech companies head toward the public markets, Zepto’s IPO will likely be a major highlight in India’s burgeoning quick commerce industry.
Zepto Selects Goldman Sachs: Growth and Profitability Lead the Way
Zepto’s decision to work with top-tier investment banks, including Goldman Sachs, reflects its solid financial position and confidence in its future growth. The company has demonstrated remarkable short-term profitability, making it an appealing IPO candidate for investors looking for tech firms with high growth potential. Companies like Ola Electric, FirstCry, and Ixigo have already gone public, and Zepto is poised to join them in the next wave of tech IPOs.
One insider noted, “Zepto’s solid short-term profitability has boosted investor confidence, making it an attractive IPO candidate.” The company plans to raise $450-500 million through the fresh issuance of shares as part of the IPO. However, the specifics of the offer for sale (OFS) portion are still under discussion and will be finalized at a later stage.
The valuation of Zepto’s IPO is also under review. When the company raised $340 million in August, its valuation was pegged at $5 billion. With further growth anticipated in the coming months, Zepto’s final valuation at the time of its IPO could be significantly higher.
Zepto’s headquarters relocation from Singapore to India is a crucial step for the company to comply with listing regulations in India. “We’ve already begun the process of moving our base to India, and it will be completed in the next few months,” Zepto CEO Aadit Palicha stated in an interview with Moneycontrol. This move aligns with the company’s long-term strategy of becoming a dominant player in the Indian quick commerce market.
Competitive Landscape in Quick Commerce Intensifies
As Zepto selects Goldman Sachs, Morgan Stanley, and Axis Capital to spearhead its IPO, it also faces increasing competition in India’s fast-evolving quick commerce sector. The company competes with major players such as Zomato’s Blinkit, Swiggy Instamart, Tata’s BigBasket, and Flipkart Quick. These companies are vying for market share in a space that has seen explosive growth over the past three years.
Zepto’s execution and rapid expansion have caught the attention of investors, leading to its impressive fundraising success. The company’s gross merchandise value.
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