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Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO

EntrackrEntrackr · 7m ago
Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO
Medial

Zepto nears Rs 1,500 Cr structured debt deal ahead of IPO: Report Quick commerce platform Zepto is reportedly finalising a Rs 1,500 crore ($175 million) structured debt deal with Edelweiss Alternative Asset and other investors. According to an ET report, the funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of Zepto’s planned IPO. Zepto is expected to file its IPO draft papers in mid-2025. The company has already secured approvals to shift its base from Singapore to India. Edelweiss is expected to underwrite about half of the loan, while other domestic family offices and credit funds are expected to contribute the remaining Rs 750 crore. The deal will value Zepto at around $5 billion, matching its last equity fundraising round when it raised $350 million, led by Motilal Oswal Private Wealth, in November last year. The report added that founders Aadit Palicha and Kaivalya Vohra’s stake will rise from 18% to around 20%, while overall domestic shareholding could exceed 30%, aligning with Indian foreign direct investment rules. Zepto is also close to completing a $250 million secondary share sale involving private equity firms like Motilal Oswal. In a recent development, Palicha disclosed that the Mumbai-based firm is also close to hitting an annualized Gross Order Value (GOV) of $4 billion.

Zepto delays IPO plans to 2026: Report

EntrackrEntrackr · 6m ago
Zepto delays IPO plans to 2026: Report
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.

Zepto in talks for $250 Mn secondary round

EntrackrEntrackr · 8m ago
Zepto in talks for $250 Mn secondary round
Medial

Zepto in talks for $250 Mn secondary round Quick commerce and foodtech firm Zepto is in talks for a $250 million secondary round, allowing existing stockholders to offload equity. The move aims to increase Indian investor ownership ahead of Zepto's planned IPO later this year. Bloomberg, which reported the development first, said that the private equity arms of Motilal Oswal Financial and Edelweiss Financial Services are in discussions to acquire shares in this secondary sale. The transactions are expected to take place at a valuation of over $5 billion. It’s worth noting that Zepto raised its last round worth $350 million at the same valuation ($5 billion), where Motilal Oswal was the lead investor. In 2024, the Aadit Palicha-led company raised $1.35 billion, bringing its total funding to $1.85 billion since its inception. Zepto delivers over 25,000 products across various categories within 10 minutes via its extensive network of dark stores. The firm operates more than 550 dark stores and processes upwards of 700,000 orders daily. Through a separate app, Zepto Cafe, it’s also one of the leading 10-minute food delivery service providers. As per TheKredible, Zepto’s revenue from operations surged 2.2X to Rs 4,454 crore in FY24 from Rs 2,026 crore in FY23. Meanwhile, the company managed to reduce its losses marginally by 2% during the same period. Earlier this year, Zepto shifted its domicile from Singapore to India, a move that will expedite the process of listing on the Indian stock exchange.

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