Zepto’s confidential IPO filing from December 2025 is expected to receive regulatory clearance within the next four weeks. The company plans to submit its updated draft red herring prospectus (DRHP) to Securities and Exchange Board of India by the end of April, formally disclosing details such as financials, risks, and operational metrics.Management has begun preliminary discussions with domestic mutual funds to assess institutional interest and secure potential anchor investors, while outreach to global investors will begin after the updated filing.

However, the company’s IPO valuation is under review. After being valued at $7 billion in its October 2025 funding round led by California Public Employees’ Retirement System, current estimates suggest a 15–20% cut, implying a potential listing valuation of $5.6–5.95 billion.The revision comes amid intensifying competition from players such as Blinkit (owned by Eternal Ltd), Swiggy’s Instamart, and newer entrants like Amazon and Flipkart.

In FY25, Zepto’s revenue surged 129% to ₹9,669 crore, while net losses widened to ₹3,367 crore. The IPO size and valuation may still evolve depending on market conditions and investor appetite.