Zepto targets Rs 11,000 cr IPO by July 2026, chasing listed rivals Zomato and Swiggy

Quick commerce player Zepto plans an Rs 11,000-crore public float by July 2026 pending SEBI approval. The company operates 1,255 dark stores across 61 cities at ~21 stores per city, prioritising urban density over geographic sprawl. Last raised $450M at a $7B valuation.

— Source publishedFri, 22 May, 2026, 10:00 IST·First seen Fri, 22 May, 2026, 10:24 IST·Source ET Hospitality

What happened

Zepto plans to launch an Rs 11,000-crore IPO by July 2026 after SEBI approval, joining listed rivals Zomato and Swiggy. The quick commerce player operates 1,255

Key facts

  • Rs 11,000 crore IPO
  • 1,255 dark stores
  • 61 cities
  • 21 stores per city
  • $450 million funding
  • $7 billion valuation

Why this matters

Zepto's July 2026 listing window opens a 12-18 month pre-IPO partnership and acquisition runway—lock in dark-store JVs, private-label supply deals, or category exclusivities before lock-up dynamics shift.