Zepto plans updated IPO filing by April-end

Firm's proposed valuation under scrutiny as funds review unit economics

- Agnidev Bhattacharya

Investors are assessing unit economics—including order values, delivery costs and retention—even as outreach to global institutional investors is yet to begin.

(ISTOCKPHOTO)

Quick-commerce operator Zepto Ltd is targeting a late April deadline for filing updated documents for an initial public offering (IPO) with India's market regulator, even as it faces valuation concerns, said three people aware of the matter.

Zepto's December 2025 confidential filing is likely to be cleared in another four weeks, one of the people quoted earlier saidall three spoke on the condition of anonymity. Following the clearance, Zepto plans to file its updated draft red herring prospectus with the Securities and Exchange Board of India (Sebi) before the end of April, this person added.

An updated prospectus is a public disclosure of the share sale details to investors after confidential filings. These include financial metrics, risk factors, and operational data.

Zepto did not respond to queries emailed on 6 March.