Overview
- Zepto filed an updated draft red herring prospectus with SEBI on June 8 seeking Rs 8,010 crore through a fresh issue and an estimated overall offer of roughly Rs 11,000 crore that includes an offer-for-sale by early investors.
- The UDRHP reports FY26 revenue more than doubled to about Rs 22,624 crore and that the company processed millions of orders daily from roughly 1,139 dark stores while its full-year net loss widened to about Rs 5,905 crore.
- The company disclosed that the Enforcement Directorate issued summons dated April 8 to co‑founders Aadit Palicha and Kaivalya Vohra under FEMA and that both founders appeared and supplied documents as requested.
- The prospectus flags multiple ongoing regulatory and compliance matters, including CCPA actions over alleged dark patterns, a CCI information request, food‑safety and labour disputes, and rising data‑protection and compliance costs.
- Zepto says it will use the fresh proceeds to expand dark stores, pay lease rentals, invest in technology and marketing, and pursue acquisitions while promoters are not selling and early investors plan sizable exits through the OFS.