Indian quick commerce company Zepto has taken a significant step towards its public debut by filing for an Initial Public Offering (IPO) worth approximately $1.22 billion (₹11,000 crore) through a confidential route with the Securities and Exchange Board of India (SEBI). This strategic move allows Zepto to initiate the regulatory review process early while maintaining flexibility with its financials and IPO size before a public announcement. The company is targeting a stock market listing in 2026, which would make it one of the youngest startups to go public in India, potentially listing just four years after its inception. Zepto's financial filings reveal a mixed performance. For the financial year 2025 (FY25), the company reported a substantial revenue increase of 129% to ₹9,669 crore. However, this growth was accompanied by a significant rise in net losses, which nearly tripled to ₹3,367 crore from ₹1,214 crore in the previous year. This widening loss reflects the high operational costs and aggressive market competition inherent in the quick commerce sector, where companies like Zepto compete fiercely with rivals such as Swiggy Instamart and Zomato's Blinkit. The company has assembled a strong consortium of investment banks, including Morgan Stanley, Axis Capital, and HSBC, to manage its public offering. Zepto's decision to file confidentially is a strategy employed by several other Indian startups to navigate regulatory processes while managing market dynamics. The IPO aims to raise capital for further expansion and to strengthen Zepto's position in the rapidly evolving quick commerce landscape in India.