Bengaluru-based quick-commerce company Zepto is planning to record its draft red herring prospectus (DRHP) for an initial public offering (IPO) by March or April this year.

Moreover, the National Company Law Tribunal (NCLT) will listen the company’s reverse merger application on January 17, another key milestone in moving the quick commerce brand’s residence from Singapore to India.

Zepto’s board has planned an assembly on January 19 to weigh up the IPO size, appoint bankers for the issue, and pass resolutions related to the migration of its holding entity.

“They are profoundly included in the IPO handle, and the up-and-coming board assembly will center on basic choices, counting the timeline to change over the Indian substance into a public limited company,” the Economic Times detailed citing a source.

What's next?

If effective, Aadit Palicha-led Zepto might ended up the to begin with independent quick-commerce stage to go open, ahead of rivals such as Zomato’s Blinkit and Swiggy’s Instamart. Notably, Zomato’s stock rose in 2024 since of Blinkit.

Incidentally, Zepto closed a $350 million subsidizing circular in November 2024, increasing its cash saves to $1.4 billion. The quickcom brand too registered a new substance, Zepto Marketplace Pvt Ltd, in October 2024, demonstrating a potential move from its business-to-business-to-consumer (B2B2C) show to a commercial center approach.

Zepto Commercial center was enrolled in October 2024 and its operations will before long switch to the new show once the operational and administrative forms are sorted out. 

According to the report, the move will permit Zepto to have superior administration in quality control and benefit. The speedy com pioneer is moreover set to before long dispatch “Thor", a SaaS stock administration stage to advance streamline operations.

The rebuilding will comply with India’s foreign direct investment (FDI) norms.

Moreover, as a portion of its IPO arrangements, Zepto will finalize free executives for its board. 

Incidentally, Zepto plans to grow from around two dozen cities to over 50 cities by following quarter.

source: startuppedia.