Zepto will become India’s third big quick commerce company

For IPO plans, Zepto has held discussions with big Wall Street banks like Morgan Stanley and Goldman Sachs. In November, the company raised a funding round of $350 million, and now its cash reserves are $1.4 billion. The company is fully following Indian FDI rules, and is moving towards local ownership. If everything goes as planned, Zepto will become India’s third big quick commerce company after Zomato and Swiggy which is going public.

Zepto’s IPO will not only increase confidence in the Indian market, but it will also create strong competition in the quick commerce industry. Now it remains to be seen how much the crucial hearings and board meetings in January boost the company’s plans.