Zepto gets in-principle nod for ₹11,000-cr IPO, still in 'testing the waters' phase: Report

Zepto has received SEBI's in-principle approval to raise $1.2 billion (₹11,000 crore) via an IPO, NDTV Profit reported. However, the quick commerce startup is still in the "testing the waters" phase, which will allow it to gauge interest from institutional investors before formally filing IPO papers. Zepto still has to get SEBI's final approval and proceed with formal filings.