Big Cart, Bigger Deals! Zepto Eyes $250M Secondary Sale Pre-IPO!

Indian fast commerce company Zepto is conducting sophisticated talks for a $250 million secondary sale of equity as it intends to increase domestic shareholding before its highly anticipated IPO later in 2025. The move would assist in getting Indian investors on board and satisfying listing regulations, making Zepto a fully Indian-owned business. Private equity players like Motilal Oswal and Edelweiss Financial Services have been reported to be in discussions to buy shares in the sale.

Zepto's IPO is valued at $800 million to $1 billion and will consist of both primary capital raising and Offer for Sale (OFS). Zepto has expanded its operations aggressively, with more than 900 dark stores and over 1.3 million daily orders. With the goal of turning EBITDA profitable by September 2024, Zepto is on the way to emerging as a leader in India's quick commerce space.

Source: Bloomberg News, NDTV Profit