Zepto files DRHP for Rs 4,500 cr IPO; StepStone, Goodwater, Nexus trim stakes via OFS
Zepto's draft prospectus pairs a Rs 4,500 crore fresh issue with a 17.95 crore share OFS, letting StepStone (4.05 cr), Goodwater (3.51 cr), Nexus (2.82 cr), Glade Brook (2.05 cr) and Lachy Groom (1.39 cr) cash out partially. Funds target dark stores, tech and brand against Blinkit and Instamart heat.
What happened
Zepto filed DRHP for IPO with Rs 4,500 crore fresh issue and 17.95 crore share OFS. Major investors including StepStone, Goodwater, Nexus exit partially;
Key facts
- Rs 4,500 crore fresh issue
- 17.95 crore OFS shares
- StepStone 4.05 crore
- Goodwater 3.51 crore
- Nexus 2.82 crore
- Glade Brook 2.05 crore
- Lachy Groom 1.39 crore
Why this matters
Zepto's listing crystallizes quick commerce comps and frees capital for category expansion, opening windows for private label, logistics and adjacency M&A bets.