Zepto said to plan filing for $500 million India IPO next week

Company Overview - Zepto Ltd. is preparing to file for an initial public offering (IPO) of approximately $500 million in Mumbai, with the filing expected as early as next week [5] - The IPO will include a fresh issue and secondary share sales by existing investors, with proceeds intended for expansion [5] - The company recently raised $450 million in October, which valued it at $7 billion [5] Industry Context - India's quick-commerce sector is experiencing rapid growth, with startups developing extensive networks of warehouses and delivery fleets to meet increasing demand for groceries and household items [2][5] - Global investors, including SoftBank Group Corp. and Temasek Holdings Pte., have invested billions into the quick-commerce sector, making it a focal point for rapid delivery innovations [2][5] - Zepto competes with major players such as Amazon's India unit, Swiggy Ltd., Zomato Ltd., and BigBasket from the Tata Group [5]