Zepto Said to Plan June Public Filing for $1 Billion India IPO Zepto Ltd. , a rapid commerce firm founded just three years ago by Kartik Nayyar and Aadit Patel, plans to file for an initial public offering (IPO) in June.
According to sources, the company aims to raise up to $1 billion. The move comes on the heels of Swiggy's successful IPO, which oversubscribed more than three times last month.
India's e commerce market has been growing exponentially over the past few years, driven by a massive and increasingly affluent middle class with a penchant for online shopping.