Unicorn Alert: Zepto Flips Private to Public – $500M IPO Bonanza Incoming!

Strategic Flip

Bengaluru-based Zepto, known for 10-minute deliveries and 1.7M daily orders, passed three resolutions at an EGM—including MoA/AoA updates—to enable public listing. This follows a $450M raise at $7B valuation, reverse flip from Singapore to India, and domestic investor boosts like Rs 2,900 Cr from Motilal Oswal.​

The move streamlines governance for SEBI compliance, targeting $400-500M IPO raise via bankers like Goldman Sachs and Morgan Stanley. CEO Aadit Palicha highlighted 20-25% quarterly order growth and falling burn rates.​

Key Highlights

Conversion Details: Shareholder nod November 21; name change to Zepto Limited filed with MCA.​

IPO Timeline: DRHP this month; public debut by June 2026 post-Swiggy listing.​

Funding Muscle: $2.3B total raised ($1.8B since Jan 2024); $7B valuation.​

Growth Metrics: 1.7M daily orders; FY25 revenue up 149% to INR 11,100 Cr.​

Sources: Entrackr, Economic Times, Business Standard, Moneycontrol.​