During the course of his meetings, CEO Palicha has told mutual fund houses that Zepto will breakeven on an earnings before interest, taxes, depreciation and amortisation (EBITDA) basis by Q4FY26, a source told Moneycontrol.
Tushar Goenka & Chandra R Srikanth
Zepto’s current pre-IPO round of $300 million will be entirely in secondary share sales and there will be no primary capital involved.
Quick commerce unicorn Zepto, which is actively preparing for its initial public offering (IPO), has engaged with several top mutual fund houses in the country over the past weeks to facilitate share sales worth $300 million (around Rs 2,600 crore) ahead of a public market debut later this year, sources in the know told Moneycontrol.
“Zepto CEO Aadit Palicha has met with executives of top mutual funds including SBI Mutual Fund, Axis Mutual Fund, ICICI Prudential Mutual Fund and others to warm them up to the idea of a pre-IPO round to the tune of $300 million later this year,” one of the persons cited above told Moneycontrol.
During the course of his meetings, CEO Palicha has told mutual fund houses that Zepto will breakeven on an earnings before interest, taxes, depreciation and amortisation (EBITDA) basis by Q4FY26, the person added.
Zepto did not reply to Moneycontrol’s queries.
This content was originally published on Moneycontrol. Read more on Moneycontrol.
