Zepto is reportedly planning to publicly submit its IPO filing in the first half of June, with the offering expected to raise as much as $1 billion. In a separate development, Fairdeal.Market has raised $15 million in a funding round led by Bertelsmann India Investments.
Zepto targets June filing for $1b India IPO
Zepto, an Indian quick-commerce company, is reportedly planning to publicly submit its IPO filing in the first half of June, with the offering expected to raise as much as $1 billion.
According to a Bloomberg report, the 10-minute delivery platform is likely to start investor roadshows sometime next month and is targeting a potential IPO launch as early as July.
The proposed offering, stated the report, is likely to consist of both newly issued shares and a secondary sale by existing investors.
Launched in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is said to operate over 550 dark stores and process more than 700,000 daily orders. It is backed by a host of investors such as Motilal Oswal’s private wealth division, Nexus Venture Partners, and StepStone Group, among others.
Bertelsmann India Investments backs Fairdeal.Market
Fairdeal.Market, a B2B quick-commerce platform developing replenishment infrastructure for India’s kirana ecosystem, has raised $15 million in a funding round led by Bertelsmann India Investments, according to an announcement.
Existing backer WaterBridge Ventures also participated as a cornerstone investor from the seed round, along with participation from Incubate Fund Asia.
The company currently operates across Delhi NCR and is actively expanding its retailer network, dark store footprint, and brand partnerships.
The fresh capital will be deployed to scale dark-store operations across dense urban clusters, strengthen technology and data infrastructure, deepen retailer engagement, and expand last-mile delivery capabilities to redefine the retail business in India.
“India’s kirana stores are the backbone of the country’s retail economy, yet the procurement infrastructure serving them has barely evolved in decades,” said Prateek Bansal, Co-founder, Fairdeal.Market.
