Zepto IPO: Quick commerce firm plans to raise Rs 11,000 crore; confidential filing likely this week

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Quick commerce platform Zepto will file its draft papers for a $1.3-billion IPO (initial public offering) this week under Sebi’s (Securities and Exchange Board of India) confidential route, according to people in the know. The company is looking to raise $1.2 billion (around Rs 11,000 crore) in fresh capital while the rest will be through an offer-for-sale (OFS) by early investors.

According to a regulatory filing by Zepto with the Registrar of Companies (RoC), the firm’s shareholders approved its plan to raise Rs 11,000 crore via an issue of…



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Zepto IPO: Quick commerce firm plans to raise Rs 11,000 crore; confidential filing likely this week



Quick commerce platform Zepto will file its draft papers for a $1.3-billion IPO (initial public offering) this week under Sebi’s (Securities and Exchange Board of India) confidential route, according to people in the know. The company is looking to raise $1.2 billion (around Rs 11,000 crore) in fresh capital while the rest will be through an offer-for-sale (OFS) by early investors.

According to a regulatory filing by Zepto with the Registrar of Companies (RoC), the firm’s shareholders approved its plan to raise Rs 11,000 crore via an issue of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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