Zepto, a quick commerce app, is about to launch its IPO in the upcoming three months and get approval from SEBI. It is expected that Zepto will raise to Rs 9,300 crore and will work on the updated draft red herring prospectus. Once the draft is complete, it will launch its IPO. Zepto came into existence in 2020 and started preparing to list its IPO in 2024. Zepto had first planned to raise $500 million, but now, due to other competitors in the market like Flipkart, Minutes, and Amazon, Zepto has decided to raise more funds. Every day, Zepto delivers about 1.7 million orders.
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