Quick-commerce firm Zepto, which raised nearly $1 billion from private investors over the past three months, has begun active discussions with top Wall Street bankers including Morgan Stanley and Goldman Sachs for an initial public offering,according to reports.

It has also been reported that the Mumbai-based company is in discussions with domestic investment banks over the possible August 2019 offering of shares.

According to those with knowledge, the IPO proposal is subject to its return to India.According to reports, Zepto is in the midst of moving its headquarters from Singapore to India, where it will join a sizable cohort of Indian entrepreneurs that have recently reversed course.

The switching back procedure will determine when the IPO happens, although they hope to list by next year.

The company behind Zepto's competitor, Instamart, Swiggy, is getting set to launch a $1.25 billion initial public offering (IPO) later this year. Zomato, a publicly traded company since 2021, is the owner of Blinkit, its other, more significant rival.

Zepto has been working very closely with Morgan Stanley. The board has told the company to test the market appetite for an IPO. They are also in talks with domestic bankers given there is a broad understanding the company wants to go public.

According to reports, the company's current pitch to bankers states that it wants to sell additional shares in order to raise about $450 million. Existing investors will also make an offer to sell their shares.
Within India's e-commerce industry, which is expanding quickly overall, quick commerce is the most popular subsegment. This is because customers are demanding faster delivery, which is causing other businesses to take notice.

According to reports, BigBasket, owned by Tata, is moving to a full-scale rapid model. Flipkart, an e-commerce company, has introduced Minutes, a quick-delivery sector, while Amazon plans to introduce its own quick service in India by 2025.