Zepto converts into public entity ahead of IPO

Quick commerce unicorn Zepto has converted itself into a public entity, gearing up to list on the public markets.

According to filings sourced from the Registrar of Companies, Zepto has dropped private from its name, changing it to Zepto Limited through a special resolution passed by its shareholders.

These developments come just months after Zepto raised $450 million in a mix of primary and secondary rounds led by US-based pension fund California Public Employees' Retirement System (CalPERS). The latest round values the company at $7 billion, along with giving it a war chest to defend and expand its quick commerce market share.

"​We're growing 20-25% every quarter, on order volume and burn is going down. That's why we're able to reduce capital because we're able to show investors that in relative terms we're able to deliver reasonable capital efficiency for 100% plus year-on-year growth," a Zepto Spokesperson shared.

The move comes as Co-founder Kaivalya Vohra has stressed that Zepto is investing “consciously and with discipline” rather than spending frivolously, noting that many companies have “wasted a lot of money” with little to show for it. At TechSparks 2025, Vohra said the company’s approach to financial discipline has been deliberate, adding that Zepto could choose slower growth to turn profitable sooner but sees a larger market opportunity to capture.

Companies are preparing for scrutiny from public market investors who are increasingly rewarding frugality and predictable unit economics, particularly in competitive sectors such as quick commerce.