Mumbai: Zepto Limited, fastest growing quick
commerce platform in India in terms of order volume between Fiscal 2024 and
Fiscal 2026 amongst scaled quick commerce platforms has filed its UDRHP-I with
SEBI. The offer comprises of a fresh issue aggregating up to ₹ 8,010 crores and
an offer for sale of Equity Shares aggregating up to 11,34,66,566 of face value
of ₹ 5 per equity share.
Zepto proposes to utilise the net
proceeds from the fresh issue towards:
1.
Expansion
of the dark store network through setting up new dark stores in existing and
new geographies
2.
Lease
rentals of existing dark stores
3.
Investment
in technology and cloud infrastructure
4.
Investment
in Zepto Marketplace Private Limited for marketing and business promotion
expenses to enhance brand awareness and visibility
5.
Funding
inorganic growth through unidentified acquisitions and general corporate
purposes.
Zepto
is the fastest growing quick commerce platform in India in terms of order
volume between Fiscal 2024 and Fiscal 2026 amongst scaled quick commerce
platforms; and during this period, Zepto’s order volume grew at a CAGR of
approximately 119.50%, significantly outpacing industry growth, per the Redseer
Report. Zepto is focused on the quick commerce business, and its target is to
provide quick delivery to users. In Fiscal 2026, an average of 46,623 SKUs
(ranging from fruits and vegetables to household electronics and cosmetics)
were listed on its platform (at a dark store geography level) and sold by
Merchant Partners through an intuitive digital interface and a network of 1,139
dark stores, as of March 31, 2026.
The
company's network of dark stores is powered by a backend supply chain
infrastructure that enables its Merchant Partners to offer fast moving consumer
goods products from manufacturers and brands. This supply chain is automated,
with an average of 3,999,192 units per day processed through automated
infrastructure during the three months ended March 31, 2026, and operates on
in-house software for manpower productivity management, inventory forecasting
and tracking, among other features.
Zepto's
delivery network comprises an average of 286,670.33 active delivery partners on
a “gig economy” model, delivering an average of 2,333,488 orders per day
(“OPD”) in the three months period ended March 31, 2026. The delivery partners
are managed through an in-house delivery platform that matches demand forecasts
with shift timings, digitizes cash collection for order payments, and gives delivery
partners visibility into their earnings and weekly payouts.
For
Fiscal 2026, Zepto reported Net Revenue of ₹22,623.58 crore and Net Revenue
Value (NRV) of ₹24,815.54 crore. The company served 47.97 million annual
transacting users during Fiscal 2026. Advertisement revenue stood at ₹1,635.73
crore in Fiscal 2026.
The
equity shares are proposed to be listed on the BSE and NSE.
Axis
Capital Limited, Morgan Stanley India Company Private Limited, Goldman Sachs
(India) Securities Private Limited, Motilal Oswal Investment Advisors Limited,
HSBC Securities and Capital Markets (India) Private Limited, JM Financial
Limited, and IIFL Capital Services Limited are the book running lead managers
to the issue.