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Zepto constantly working for an IPO, may list in 2025: CEO Palicha
Inshorts
·
9m ago
Medial
Zepto CEO Aadit Palicha said the quick commerce startup is "constantly working towards an IPO". "We are working to get listed hopefully by next year," he said during a recent interview. "There are lots of factors that might change between now and then," he added. Notably, Zepto recently raised $350 million from Abhishek Bachchan, Sachin Tendulkar and others.
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Zepto CEO optimistic about IPO in 2025; says claims of quick comm hurting Kiranas not data-backed
Economic Times
·
8m ago
Medial
Zepto, a quick commerce company in India, has secured $350 million in funding and aims to become a fully Indian-owned entity. The co-founder and CEO, Aadit Palicha, expressed optimism about an IPO in 2025. Palicha defended the quick commerce model against allegations of disrupting traditional kirana stores, arguing that it has created jobs and provided value to consumers and workers. Zepto plans to expand to over 50 cities and expects to reach a billion dollars in top-line revenue soon. The company is targeting profitability in the next financial year and is seeing success with Zepto Cafe. Palicha also welcomed competition, stating that the market has plenty of room for everyone.
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Zepto to become profitable in FY26, hopeful for IPO plans next year: CEO Aadit Palicha | Company Business News
Livemint
·
8m ago
Medial
Indian quick commerce major Zepto is set to become a fully Indian-owned company and achieve profitability in the next fiscal year after securing $350 million in funding from domestic investors. The company's co-founder and CEO, Aadit Palicha, also expressed optimism about a potential IPO in 2025. Palicha refuted claims that the quick commerce model is hindering the growth of traditional kirana stores, highlighting the positive impact of job creation and value for consumers. Zepto aims to expand to over 50 cities and expects to reach a revenue milestone soon. The company is on track to achieve profitability within the next financial year.
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Zepto delays IPO plans to 2026: Report
Entrackr
·
2m ago
Medial
Zepto delays IPO plans to 2026: Report Zepto, the quick commerce company, has reportedly postponed its plans to launch an initial public offering (IPO) to 2026. According to a report by Moneycontrol, this represents a change from the company’s earlier timeline, in which co-founder and CEO Aadit Palicha had indicated a listing in 2025. The report noted that the company is unlikely to go public this year, even if it files its draft red herring prospectus (DRHP) in the coming months. The IPO timeline has reportedly been extended multiple times, with internal discussions highlighting the need for stronger financial metrics before pursuing a public listing. Zepto is currently focused on reducing its cash burn and improving profitability before entering the public markets. Queries sent to Zepto did not elicit an immediate response. Due to rising operational costs, Zepto Cafe, the food service unit of Zepto, has temporarily closed in several smaller North Indian cities, including Agra, Chandigarh, Meerut, Mohali, and Amritsar. The company shut down approximately 44 cafes, affecting more than 400 employees. Media reports indicate that Zepto was spending between Rs 250 crore and Rs 300 crore per month toward the end of last year. Meanwhile, the Aadit Palicha-led company is finalising a Rs 1,500 crore (approximately $175 million) structured debt deal with Edelweiss Alternative Asset and other investors. The funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of the IPO.
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Zepto triples annualised GOV to $3B in eight months ahead of IPO
YourStory
·
7m ago
Medial
Zepto, a quick commerce unicorn, has tripled its annualised gross order value to $3 billion in eight months, with revenue for FY24 doubling to Rs 4,454 crore. Co-founder and CEO Aadit Palicha credits this to the team's discipline and execution, with plans for profitability soon. Founded in July 2021, Zepto competes with firms like Swiggy Instamart and Blinkit. Preparing for an IPO, it aims to raise over $500 million while enhancing domestic shareholding.
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Zepto drops Kiranakart tag in rebranding exercise
Economic Times
·
4m 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 plans IPO filing by March-April; Singapore nod in for moving domicile
Economic Times
·
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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Passion over profit drives Zepto's $5-billion success: founder Aadit Palicha
Economic Times
·
10m ago
Medial
Zepto, a quick-commerce company that is valued at $5 billion, prioritizes building a transformative platform over pursuing personal wealth, according to its CEO, Aadit Palicha. The team is driven by excitement about their product rather than financial gain, working 80-100 hours per week. Palicha believes Zepto has the potential to become a world-class internet company that adds value to the startup ecosystem in India. They are also working on incorporating artificial intelligence (AI) into their search functionalities and customer service to provide a personalized user experience. A generative AI chatbot is being developed to enhance customer support.
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Zepto is currently where Amazon was in 1990s: Co-founder Palicha
Inshorts
·
1y ago
Medial
Zepto is currently in a position similar to where Amazon was in the late 1990s and early 2000s and may hit a valuation of $50-$80 billion, CEO and Co-founder Aadit Palicha said at Moneycontrol Startup Conclave 2024. "It's largely just execution so it's not guaranteed. There were...companies in the past who could've done that but couldn't execute it," Palicha said.
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Rapid delivery was a response to consumer feedback, not a marketing gimmick: Zepto CEO Aadit Palicha
Economic Times
·
4m ago
Medial
Zepto CEO Aadit Palicha stated that the company's move to rapid delivery stemmed from consumer feedback, not marketing. Customers preferred quick deliveries over waiting for hours, prompting Zepto to enhance delivery times. This approach aligns with India’s consumption patterns, with consumers often buying perishable goods frequently in small quantities. Competing with Blinkit and Swiggy Instamart, Zepto aims to scale quick commerce to match traditional ecommerce impact by 2025, prioritizing operational excellence and talent.
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We started Zepto with a WhatsApp group: CEO Aadit Palicha
Inshorts
·
10m ago
Medial
Zepto, the $5-billion quick commerce company, was started with a WhatsApp group, Co-founder and CEO Aadit Palicha revealed. He said that they spoke to customers and made tweaks to the company's model for a year before building the first version of Zepto. After Zepto reached a "meaningful scale", Palicha and Co-founder Kaivalya Vohra decided to drop out of Stanford University.
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