Quick commerce major Zepto has filed its updated draft red herring prospectus (UDRHP) with SEBI, weeks after getting the regulator’s go-ahead for its IPO.
The proposed public offering will comprise a fresh issue of shares worth ₹8,010 Cr. Meanwhile, its investors intend to offload a cumulative 11.35 Cr shares via the IPO. Nexus Venture Partners, Contrary Capital, Kaiser, among others, will participate in the offer-for-sale (OFS) component of the IPO.
A large chunk of the fresh capital raised via the IPO will be used to expand Zepto’s dark store network. The company also plan to invest in its subsidiary Zepto Marketing and use a portion of the capital to fund inorganic growth activities as well as general corporate purposes.
On the financial front, the company’s net loss widened 26% to ₹5,905.2 Cr in FY26 from ₹4,699.7 Cr in the previous fiscal year. Operating revenue more than doubled to ₹22,623.6 Cr during the year under review from ₹11,109.9 Cr in FY25.
(The story will be updated soon)
The post Zepto Files UDRHP, Plans ₹8,010 Cr Fresh Issue appeared first on Inc42 Media.