Zepto lines up a pre-IPO round with a debt-free balance sheet

Zepto has confirmed a pre-IPO private placement of equity ahead of its planned listing, raising roughly Rs 1,000 crore from major existing shareholders.

The company said the financing adds to a balance sheet that already held Rs 5,681 crore of cash with no debt as of 31 March 2026. Co-founder and CEO Aadit Palicha told employees the listing would be sequenced over the coming quarters so the business goes public from a position of strength.

Context

Founded in 2021 by Palicha and Kaivalya Vohra, Zepto helped define India's quick-commerce category with a dense dark-store network across metros. The company has been steadily improving contribution margins per order as its newer stores mature.