Zepto explores 2025 IPO (#1683476)

Quick commerce business Zepto is exploring the idea of launching an initial public offering in 2025 and is working on becoming a fully Indian owned company while chasing a positive profits after tax status.

“The predatory pricing allegation similar to the other ‘data-free narratives’ created about quick commerce over the past few years doesn’t actually stack up and we are happy to have anyone who doesn’t believe it to come to our office and take a look at our books because it is a mathematical fact,” Zepto’s CEO and co-founder Aadit Palicha told the Press Trust of India.
 
Zepto aims to work in harmony with the FSSAI to maintain product safety procedures. The business is keen to dispel what it states are myths around its business model in the lead up its possible IPO.
 
“It is economically impossible that the kirana store is shrinking,” said Palicha. “We are growing but so are the kirana stores, and so are other formats of commerce.”
 
Palicha terms predatory pricing allegations “particularly dangerous” and believes that they take away from the business’ positive contribution to the Indian economy. The business has faced backlash, along with other large scale e-commerce and quick commerce players, that their operations harm local businesses, something Zepto vehemently denies.