Zepto logo is seen connected smartphone placed connected keyboard successful this illustration taken connected May 2, 2022.
Dado Ruvic | Reuters
Indian quick-commerce steadfast Zepto has confidentially filed for an archetypal nationalist offering, a regulatory filing showed connected Saturday, positioning itself among India's astir anticipated listings adjacent year.
Quick-commerce firms successful India are locked successful an aggravated conflict for marketplace share, pouring successful billions to unfastened much stores arsenic India's increasing municipality user basal progressively opts for 10-minute deliveries for everything from groceries to electronics.
Founded successful 2021, Zepto offers implicit 45,000 products and competes with rivals specified arsenic Eternal's Blinkit and Swiggy's Instamart.
The IPO program comes astatine a clip erstwhile Indian markets are acceptable for a grounds fundraising successful 2025.
Zepto was valued astatine $7 cardinal successful its erstwhile backing circular successful October erstwhile it raised $450 million.
The confidential way allows companies to support their IPO filings backstage until the launch.
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