Zepto files DRHP for Rs 4,500 cr IPO; StepStone, Goodwater, Nexus trim stakes via OFS
Zepto's draft prospectus pairs a Rs 4,500 crore fresh issue with a 17.95 crore share OFS, letting StepStone (4.05 cr), Goodwater (3.51 cr), Nexus (2.82 cr), Glade Brook (2.05 cr) and Lachy Groom (1.39 cr) cash out partially. Funds target dark stores, tech and brand against Blinkit and Instamart heat.
Zepto filed DRHP for IPO with Rs 4,500 crore fresh issue and 17.95 crore share OFS. Major investors including StepStone, Goodwater, Nexus exit partially; founders retain stakes. Proceeds fund dark stores, tech, brand-building amid sustained losses and quick-commerce competition.