Zepto, a Mumbai-based quick-commerce startup, is reportedly in discussions with both global and domestic investment banks to explore the possibility of launching an IPO by August 2024.
This potential move could see Zepto listing its shares on the stock market, following in the footsteps of its competitors. Swiggy, which owns Instamart, is planning a $1.25 billion IPO later this year, while Blinkit, Zepto's other major rival, is owned by Zomato, which went public in 2021. Zepto's IPO could further intensify competition in the quick-commerce sector.