Zepto board approves Rs 11,000 Cr raise ahead of confidential IPO filing

Quick commerce firm Zepto has moved closer to the public markets after its board approved a plan to raise up to Rs 11,000 crore through a fresh equity issue and an offer for sale (OFS) by existing shareholders, as per regulatory filings accessed by Entrackr.

The development comes as Zepto prepares to confidentially file its draft red herring prospectus (DRHP) on December 26. The company has also recently converted into a public limited company.

Zepto’s regulatory filings show a sharp rise in scale over the past year, alongside a widening of losses….