Quick commerce player Zepto has taken a key step toward becoming a publicly traded firm, securing shareholder approval to shift from a private limited structure to a public company. The move sets the stage for the Mumbai-based startup to file its draft red herring prospectus with the Securities and Exchange Board of India within this month, according to people familiar with the process. The company is targeting an IPO by June 2026, marking one of the most anticipated public listings in India’s fast-growing online grocery sector.
Zepto, founded in July 2021 by Aadit Palicha and Kaivalya Vohra, has grown into a seven billion dollar enterprise in just over four years. It has raised nearly one point eight billion dollars, close to sixteen thousand crore rupees, from a roster of global investors. The rapid capital inflow has powered its national expansion and the creation of one of India’s largest dark store networks.
The company’s regulatory filing noted that shareholders cleared the proposal to convert the entity into a public limited company on November twenty one. Zepto declined to comment on specifics of the IPO timeline but confirmed that both operational and financial indicators have strengthened in recent quarters.
A spokesperson said order volumes are increasing between twenty and twenty five percent every quarter, while cash burn continues to narrow. The company’s focus on improving capital efficiency while maintaining triple-digit annual growth has become a central talking point for investors tracking its progress.
As of September 2025, Zepto operated more than nine hundred dark stores across major cities. Internal data reviewed by investors shows the company generated three billion dollars in gross sales, roughly twenty six thousand crore rupees, during the period, with annual cash burn estimated at one thousand to one thousand one hundred crore rupees.
With the quick commerce market continuing to expand and competition intensifying, Zepto’s decision to move toward a public listing marks a significant moment for the sector as it prepares for its next phase of scale and consolidation.










