Quick-commerce company Zepto has reportedly received approval from SEBI for its upcoming IPO.
The company plans to raise around ₹10,000 crore to ₹12,000 crore through the public issue.
Founded by Aadit Palicha and Kaivalya Vohra, Zepto has become one of India’s fastest-growing quick-delivery startups.
Reports suggest that Zepto may raise nearly $1.2 billion to $1.3 billion through a mix of fresh shares and an offer for sale by existing investors.
The IPO could become one of the biggest startup listings in India’s quick-commerce sector.