Zepto IPO: Quick commerce firm plans to raise Rs 11,000 crore; confidential filing likely this week

Quick commerce platform Zepto will file its draft papers for a $1.3-billion IPO (initial public offering) this week under Sebi’s (Securities and Exchange Board of India) confidential route, according to people in the know. The company is looking to raise $1.2 billion (around Rs 11,000 crore) in fresh capital while the rest will be through an offer-for-sale (OFS) by early investors.

According to a regulatory filing by Zepto with the Registrar of Companies (RoC), the firm’s shareholders approved its plan to raise Rs 11,000 crore via an issue of…