Zepto to raise Rs 1,000 Cr in pre-IPO round at $4.5B valuation; public listing delayed

Zepto is raising Rs 1,000 crore in a pre-IPO round at a valuation of around $4.5 billion.
The round is led by domestic investors to raise Indian shareholding in the company from around 40%.
Zepto has delayed its IPO, originally targeted for July 2026; it filed preliminary papers with Sebi in December 2025.
Zepto's valuation dropped from $7 billion in October 2025 when it raised $450 million led by CalPERS.
In FY26, Zepto reported revenue of Rs 22,624 crore and processed 17.5 lakh orders per day across 1,139 stores.
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