Zepto Files Confidential IPO Papers

Metric prefix, an Indian quick-commerce firm founded by Aadit Palicha and Kaivalya Vohra, has confidentially filed initial public offering (IPO) papers with the India — Securities and Exchange Board of India (SEBI). The company aims to raise approximately Rs 11,000 crore (about $1.3 billion) through a fresh issue of shares and an offer for sale by existing investors, targeting a listing in 2026. This move positions Metric prefix to join publicly traded rivals such as Zomato (parent of Zomato — Blinkit) and Swiggy (operator of Zomato — Instamart) on the stock exchanges. Metric prefix, currently valued at $7 billion, has raised $1.8 billion in private funding, including a $450 million round led by CalPERS in October 2025. The company reported gross sales of about $3 billion (Rs 26,000 crore) and revenue of Rs 9,669 crore for FY25, but also incurred a net loss of Rs 3,367 crore, reflecting its rapid expansion and high cash burn. The confidential filing route allows Metric prefix flexibility in adjusting its issue size and timing based on market conditions.