Instant delivery platform Zepto has filed an updated draft red herring prospectus for its proposed initial public offering, according to the prospectus filed on Monday.
The offering comprises a fresh issue of equity shares aggregating up to INR80.1 billion and an offer for sale of around 113.5 million shares by existing shareholders.
The company is also evaluating a pre-IPO placement of up to 16.02 billion rupees.
Selling shareholders include Nexus Ventures VI Holdings, Nexus Ventures VII Holdings, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals, and Kaiser Permanente Group Trust.
Axis Capital, Motilal Oswal Investment Advisors, JM Financial, IIFL Capital Services, and the Indian units of Morgan Stanley, HSBC and Goldman Sachs India are acting as book-running lead managers to the issue, according to the prospectus.
Bloomberg reported that Zepto could begin investor roadshows as early as next month and is targeting a July listing that may raise up to $1 billion, citing people familiar with the matter.
The rapid-commerce company was valued at $7 billion in its latest funding round in October 2025, according to the report.