Quick-commerce startup Zepto has received approval from the Securities and Exchange Board of India (SEBI) for its much-anticipated initial public offering (IPO), bringing the company one step closer to listing on Indian stock exchanges. According to reports, the Bengaluru-based startup is expected to raise nearly $1 billion through the public issue, making it one of the biggest startup IPOs in India’s quick-commerce sector.

The company had confidentially filed its draft red herring prospectus (DRHP) with SEBI in December 2025. Sources familiar with the matter said Zepto is now expected to submit an updated DRHP within the next six to eight weeks before moving ahead with the listing process

Zepto’s IPO approval comes at a time when competition in India’s quick-commerce market is intensifying rapidly. The sector, which focuses on ultra-fast delivery of groceries and daily essentials, has witnessed explosive growth over the past two years as consumers increasingly shift toward convenience-based shopping.