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Quick commerce startup Zepto in talks to raise IPO size to $800 million-$1 billion: sources
Economic Times
ยท
6m ago
Medial
Quick commerce startup Zepto is considering raising its IPO size to $800 millionโ$1 billion, including secondary offerings. CEO Aadit Palicha is in talks with mutual funds about the offering, projecting $5.5 billion in sales by FY26. Zepto plans to expand its 900 stores to 1,000 and focuses on profitability and domestic ownership. The company recently raised $350 million, bringing its total funds to $1.4 billion as it competes in the market.
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Zepto drops Kiranakart tag in rebranding exercise
Economic Times
ยท
3m ago
Medial
Zepto, a quick commerce platform, has rebranded from Kiranakart Technologies Pvt Ltd to Zepto Pvt Ltd following shareholder approval. This change aligns with their evolving business focus as they prepare for an IPO by April, targeting an $800 million to $1 billion raise. CEO Aadit Palicha is now a company director, expected to strengthen leadership. The company aims to boost domestic ownership and has seen a 300% yearly growth in gross order value, nearing $4 billion.
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Zepto set to raise $300 million to boost domestic shareholding amid quick commerce battle
Economic Times
ยท
8m ago
Medial
Quick commerce startup Zepto plans to raise $300 million from domestic investors, doubling its initially planned $150 million round. The capital infusion will come from top family offices and ultra-high-net-worth individuals, increasing Indian shareholding in Zepto to around 35%. Celebrities like Amitabh Bachchan and Sachin Tendulkar are also joining the funding round. Zepto, which recently surpassed 1 million daily orders, aims to strengthen its relationships with high-quality domestic investors before beginning the IPO process. The company has already raised $1 billion in previous funding rounds.
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Zepto eyes $250 mn from HNIs, wealth firms at flat valuation
Livemint
ยท
8m ago
Medial
Quick commerce startup Zepto is reportedly seeking to raise about $250 million from high-net-worth individuals and wealth management firms at a valuation of $5 billion. The Mumbai-based company, which plans to go public next year, aims to balance its captable ahead of its IPO. Zepto recently raised $340 million in a funding round led by General Catalyst, and in a pre-IPO round, it secured $665 million. The company is expanding its network of dark stores and its Zepto Cafรฉ service to compete with food delivery platforms like Swiggy and Zomato in the quick-commerce sector.
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Zepto expands into pharmacy, wellness space
Economic Times
ยท
5m ago
Medial
Zepto has launched a "pharmacy and wellness" category, available in Bengaluru, Mumbai, and Hyderabad, allowing users to buy prescription and OTC medicines via its app. It features a prescription verification system and offers teleconsultation for uninsured users. Similarly, Swiggy Instamart partnered with PharmEasy, Flipkart has Flipkart Health Plus, and Tata 1mg teamed with BBNow for pharmaceutical deliveries. Despite logistical challenges, quick commerce in pharmaceuticals presents significant potential and healthier margins. Zepto is preparing for an IPO, targeting $800 millionโ$1 billion.
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Zepto eyes capital raise; KKR in talks with Torrent for JB Pharma stake sale
VCCircle
ยท
1y ago
Medial
Quick commerce startup Zepto is reportedly in talks to raise over $300 million in funding from global investors to support its expansion plans. The Mumbai-based company, which currently has a valuation of $1.4 billion, aims to reach a valuation target of $2.5-3 billion. Zepto aims to achieve EBITDA positivity by September. In other news, private equity firm KKR is reportedly in discussions with Torrent Pharmaceuticals for a potential stake sale in JB Pharma.
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Zepto plans IPO filing by March-April; Singapore nod in for moving domicile
Economic Times
ยท
7m ago
Medial
Zepto, a quick-commerce firm, plans to file for an IPO by March-April 2025, following Singapore's approval to relocate its holding entity to India. The National Company Law Tribunal will consider its reverse merger application in January. Zepto is also planning a board meeting to discuss IPO size and appoint bankers. Seeking a mid-2025 IPO, Zepto may adjust its initial $450 million fundraising target. It aims to be the first independent quick-commerce firm to go public.
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Zepto IPO: Delivery startup picks Axis Capital, Goldman Sachs, Morgan Stanley as advisors, says report | Mint
Livemint
ยท
11m ago
Medial
Delivery startup Zepto has chosen Axis Capital, Goldman Sachs, and Morgan Stanley to be advisors for its upcoming initial public offering (IPO) in FY25. The IPO is scheduled for August 2025, with Zepto looking to raise $450-500 million through the listing. The company would need to shift its base back to India from Singapore in order to list in the country. Zepto recently raised $340 million in follow-on financing, bringing its valuation to $5 billion. The quick-commerce market in India grew significantly in 2023, reaching a gross merchandise value (GMV) of $2.8 billion.
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Zepto set to raise fresh funds; Flipkart-backed Shadowfax mulls IPO
VCCircle
ยท
12m ago
Medial
Zepto, a Mumbai-based quick-commerce firm, is reportedly raising $310 million in fresh funding, which will increase its valuation to $5 billion. This comes on the heels of a previous funding round just over a month ago where the company raised $665 million. Zepto's total funding is nearing $1 billion. In related news, Flipkart-backed logistics startup Shadowfax is exploring the possibility of an IPO.
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Zepto set for another $310 million funding delivery, Mars Growth to join
Economic Times
ยท
12m ago
Medial
Quick-commerce firm Zepto is reportedly set to raise $310 million in funding, which would value the company at $5 billion. This comes just over a month after the company raised $665 million, bringing its total funds raised to nearly $1 billion in two rounds. The funding round is expected to include investors such as Mars Growth Capital and General Catalyst. Zepto has seen significant growth in valuation and demand for quick commerce services. The company is planning to move its base to India and has plans for an initial public offering.
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Tiger Global conducts due diligence of Zepto dark stores as it eyes quick commerce
Economic Times
ยท
10m ago
Medial
Tiger Global, a US investor, is showing strong interest in Indian startup Zepto and is conducting due diligence at the startup's dark stores in the city. Zepto is now valued at $5 billion and is seen as a potential player in the quick commerce sector in India. Tiger Global is considering engaging with Zepto for future funding rounds before an IPO. The quick commerce sector in India is growing rapidly, with Zepto challenging market leader Blinkit owned by Zomato. Other players in the sector include Swiggy Instamart and BigBasket.
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