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

EntrackrEntrackr · 10m 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.

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Zepto delays IPO plans to 2026: Report

EntrackrEntrackr · 9m 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 board approves Rs 11,000 Cr raise ahead of confidential IPO filing

EntrackrEntrackr · 2m ago
Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing
Medial

Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing Zepto prepares to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently converted into a public limited company. Quick commerce firm Zepto has moved closer to the public markets after its board approved a plan to raise up to Rs 11,000 crore through a fresh equity issue and an offer for sale (OFS) by existing shareholders, as per regulatory filings accessed by Entrackr. The development comes as Zepto prepares to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently converted into a public limited company. Zepto’s regulatory filings show a sharp rise in scale over the past year, alongside a widening of losses. For the financial year ended March 2025, the company reported turnover including other income of Rs 9,668.76 crore, more than doubling from Rs 4,223.91 crore in FY24. The company’s net loss widened to Rs 3,367.28 crore in March 2025 from Rs 1,214.67 crore in FY24. Zepto recently concluded a $450 million fundraise as part of its ongoing capital expansion ahead of the IPO. The company has raised a total of $2.3 billion since its inception, including $1.8 billion since January last year. The Aadit Palicha-led company was valued at $7 billion during the last fundraise. With this move, Zepto is set to become the third quick commerce player to list on Indian stock exchanges, after Eternal and Swiggy, which operate Blinkit and Instamart, respectively.

Aavishkaar Capital leads Rs 60 Cr round in debt relief platform FREED

EntrackrEntrackr · 19d ago
Aavishkaar Capital leads Rs 60 Cr round in debt relief platform FREED
Medial

Aavishkaar Capital leads Rs 60 Cr round in debt relief platform FREED Debt relief platform FREED has raised Rs 60 crore (around $6.5 million) led by Aavishkaar Capital. The round also saw participation from existing investors Sorin Investments, Piper Serica, and Sattva Ventures. The fresh capital will be used to scale operations, expand into new geographies, strengthen underwriting and product capabilities, and deepen institutional partnerships. Founded in 2020, FREED provides financial counselling, negotiated settlements and structured repayment plans through trustee-managed special purpose accounts. For stressed but repayment-capable borrowers, it facilitates structured consolidation loans via regulated lending partners. FREED claims to have counselled over 20 lakh customers, manages more than 1.2 lakh active accounts and has overseen over Rs 3,200 crore in debt under management. The firm is targeting enrollment of nearly $1 billion in stressed debt over the next 18 months. It also claims to have grown at a CAGR of around 19% over the past year, with improving unit economics. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment.

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