Zepto eyes July IPO to raise ~$1B; Anand Rathi flags profitability risk despite triple-digit order growth
Zepto plans a ~Rs 9,500 crore IPO (Rs 8,010 crore fresh issue plus OFS of up to 11.3 crore shares) to fund dark-store expansion, targeting ~1,900 new stores atop 1,100+ today. Anand Rathi warns each store needs ~3,000 daily orders to break even amid fierce quick-commerce competition. Unlisted shares trade at Rs 38-40; last valued $7 billion.
Zepto plans a July IPO to raise ~$1 billion (Rs 9,500 crore) for dark-store expansion. Anand Rathi flags profitability risks despite triple-digit order growth, noting Zepto needs ~3,000 daily orders per store to break even amid intense quick-commerce competition.