Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Quick Summary:

Despite its growth, Zepto has incurred significant losses, spending around Rs 1,000–1,100 crore over the last three months to compete with its top rivals.

This projected figure is roughly equivalent to the total gross sales of the quick commerce industry for the previous calendar year, the report said citing brokers.

As part of this process, Zepto is merging its Singapore parent company with an Indian entity to shift its domicile to India.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Zepto growt Singapore parent merger Quick commerce Domicile shift Indian entity Zepto valuation Zepto IPO Domestic shareholding Zepto expansion IPO plans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 11:36:24 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25336565

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