Zepto Ltd., a rapid-commerce company, is set to publicly file for an initial public offering in early June, potentially raising as much as $1 billion.

The proposal is anticipated to feature a new issuance of shares alongside secondary sales of shares by current investors, with the funds presumably aimed at supporting growth, according to reports.

Discussions are continuing, and specifics, such as the scale and schedule of the IPO, may still alter, they mentioned.

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Zepto's proposal could be just the second billion-dollar IPO in India this year, following SBI Funds Management's intended share sale. The agreements could aid in reinvigorating activity in a market that has been hindered by sluggish deal-making as investors evaluate the economic implications of the Iran conflict.

Local businesses have generated a total of $3.5 billion from inaugural stock offerings in 2026, significantly lower than the record highs of the last two years.

The firm reached a $7 billion valuation during its recent $450 million funding round in October. It rivals Amazon.com Inc.’s division in India, along with local competitors such as Swiggy Ltd., Zomato from Eternal Ltd., and BigBasket supported by Tata Group.

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Zepto is collaborating with Axis Capital Ltd., Motilal Oswal Investment Advisors Ltd., and the local branches of Morgan Stanley, HSBC Holdings Plc, and Goldman Sachs Group Inc. for the share sale. The firm submitted draft IPO documents confidentially at the close of December and obtained regulatory feedback on May 10. According to local regulations, businesses must publicly disclose their prospectuses for a minimum of 21 days prior to initiating an offering.

Zepto, a quick commerce startup, has started discussions with institutional investors in anticipation of its upcoming stock market listing later this year, aiming to bolster its presence in India's fiercely competitive 10-minute delivery market. The company based in Bengaluru is gearing up to enter public markets as competition in quick commerce escalates, leading to a greater emphasis on profitability and operational effectiveness.

The organization has also advanced in diminishing its cash expenditure. Quarterly burn decreased to Rs 850–900 crore in the January–March quarter, a drop from approximately Rs 1,200–1,300 crore a few quarters before. This enhancement has been propelled by decreased costs per order and a deceleration in network growth. Its dark store network has settled at around 1,100 sites.

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In a significant regulatory update, Zepto has reportedly obtained authorization from the Securities and Exchange Board of India for its initial public offering. The firm intends to secure approximately $1.2–1.3 billion (Rs 10,000–12,000 crore) via the offering.

The anticipated IPO occurs as quick commerce companies manage rapid growth while aiming to enhance unit economics, in the context of increasing competition and investor oversight regarding profitability schedules.