Zepto makes confidential filing with Sebi for $1.3 billion IPO: sources

Quick commerce platform Zepto has filed draft papers for its $1.3-billion (around Rs 11,682 crore) initial public offering (IPO) with market regulator Securities and Exchange Board of India (Sebi), people in the know said.

ET reported on December 25 that the Aadit Palicha-led company is looking to raise about Rs 11,000 crore in fresh capital, with the remaining from early investors who are offering shares for sale.

Zepto, which will be the youngest company to hit the public markets, got the greenlight from its shareholders at an extraordinary general…