Zepto said to plan filing for $500 million India IPO next week
Grocery delivery firm Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early as next week, according to people familiar with the matter, as competition hots up in India’s quick-commerce market.
The company is working with Axis Bank Ltd., Motilal Oswal Investment Advisors Ltd. and the local units of Morgan Stanley, HSBC Holdings Plc, and Goldman Sachs Group Inc. to submit its draft prospectus through a confidential route, the people said, asking not to be identified because the information is private.
