Zepto to file IPO draft papers by March-April as it transitions to marketplace model
Live MintQuick commerce platform Zepto is likely to file its initial public offering draft papers in March or April this year, the Economic Times reported citing sources. If everything goes according to plan by April, Zepto will become the first quick commerce start-up to go public after food delivery platforms Zomato and Swiggy, which are parent companies to rivals listed. Zepto Marketplace was registered in October 2024, and the company's operations will soon switch to the new model once the operational and regulatory nitty-gritty are sorted out, sources said. In essence, Kiranakart Technologies is a B2B company that sources and buys products directly from brands and sells them to Geddit Convenience, Drogheria Sellers and Commodum Groceries, Zepto’s three licensee companies.