Zepto files draft IPO papers with Sebi: Rs 11,000 cr issue planned for next year

Quick e-commerce firm Zepto has filed preliminary papers with SEBI for an IPO, aiming to raise Rs 11,000 crore. The company, founded by Stanford dropouts, is utilizing a confidential filing route for its planned stock market debut next year. Zepto's move follows successful listings of rivals Zomato and Swiggy.