Quick-commerce startup Zepto is preparing for a major milestone — its debut in the Indian stock market. The 10-minute delivery platform has reportedly filed confidential IPO documents with SEBI, positioning itself alongside giants like Zomato and Swiggy and sparking strong interest among investors.
Zepto is now fully prepared to make its mark in the Indian stock market. The company, known for delivering groceries within 10 minutes, has submitted its initial IPO-related documents to market regulator SEBI. With this move, Zepto is moving closer to joining big names like Zomato and Swiggy.
If everything goes as planned, Zepto could become one of the youngest startups to list on Indian exchanges — a development that has already caught the attention of market experts and investors.
Zepto has filed its documents confidentially with SEBI. This means the company has shared details related to its finances and future plans with the regulator, but this information is not yet public.
This route helps companies gather regulatory feedback before listing, allowing them to fix shortcomings and better assess market conditions.
Although Zepto has not issued an official statement yet, sources suggest that the company’s market debut next year is almost certain. Filing confidentially also allows Zepto to protect strategic business information.
Currently, Zomato and Swiggy dominate India’s quick-commerce and delivery segment. Zomato listed in 2021, while Swiggy launched its IPO in November 2024. Zepto’s entry will add a third strong competitor, creating more investment opportunities and intensifying competition.
Despite being relatively new, Zepto has built a strong presence in major cities and rapidly grown its customer base. The market may soon see intense rivalry among all three companies.
Zepto was founded by two Stanford University dropouts — Aadit Palicha and Kaivalya Vohra — who turned the idea of 10-minute delivery into reality in India.
Today, the company is valued at around $7 billion (approx. ₹58,000 crore) and has raised $1.8 billion so far, including major investments from institutions such as the California Public Employees’ Retirement System.
Zepto’s success highlights how rapidly the quick-commerce sector is expanding in India, as consumers increasingly prefer fast doorstep delivery.
Zepto’s network has expanded rapidly across major Indian cities. By September 2025, the company operated more than 900 dark stores used for deliveries. Its annual revenue has reached nearly ₹26,000 crore.
Although Zepto continues to spend heavily on expansion — known as cash burn — its primary goal is to increase market share. After listing on the stock market, it will be interesting to see how the company balances profitability and growth while delivering returns to investors.