Popular quick commerce platform Zepto is reportedly in talks to sell as much as $250 million in equity. The move comes ahead of the company’s plans for an IPO later this year — part of its plan to increase shareholding by Indian investors. It also comes mere weeks after reports suggested that the company was mulling several options including plans for the founders to raise a debt of $100 million to $150 million for purchase of shares from existing investors. The Bengaluru-based startup is expected to launch its IPO later this year or in early 2026.
According to a Bloomberg report, the private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are currently in talks with the online grocery portal. The publication also quoted people familiar with the matter to add that employees and some existing investors will be able to sell their shares for cash. Zepto won’t raise any additional capital with the process but expects to execute the transactions at a valuation of just over $5 billion.
Indian shareholders currently hold 33% of the company, with founders Aadit Palicha and Kaivalya Vohra owning about a fifth of the firm. Zepto is reportedly aiming to lift this to approximately 50% ahead of its initial public offering. The Bengaluru-based startup is expected file its draft papers with Sebi by April and recently concluded its reverse switch from Singapore to India. The quick commerce portal had initiated IPO plans in mid-2024 with an initial primary capital target of $450 million.
Meanwhile an Economic Times report earlier this month indicated that the company was now looking to increase its IPO size to $800 million – $ 1 billion. Sources told the publication in late January that the company was also projecting gross sales of $5.5 billion in the final quarter of FY26 while achieving positive Ebitda (excluding ESOPs).