Zepto makes confidential filing with Sebi for $1.3 billion IPO: sources

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Quick commerce platform Zepto has filed draft papers for its $1.3-billion (around Rs 11,682 crore) initial public offering (IPO) with market regulator Securities and Exchange Board of India (Sebi), people in the know said.

ET reported on December 25 that the Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, with the remaining from early investors who are offering shares for sale.

Zepto, which will be the youngest company to hit the public markets, got the greenlight from its shareholders at an extraordinary general…



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Zepto makes confidential filing with Sebi for $1.3 billion IPO: sources



Quick commerce platform Zepto has filed draft papers for its $1.3-billion (around Rs 11,682 crore) initial public offering (IPO) with market regulator Securities and Exchange Board of India (Sebi), people in the know said.

ET reported on December 25 that the Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, with the remaining from early investors who are offering shares for sale.

Zepto, which will be the youngest company to hit the public markets, got the greenlight from its shareholders at an extraordinary general…



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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