Quick commerce startup Zepto has received formal approval from SEBI for its IPO and is expected to raise $1 billion (over ₹9,000 crore), NDTV Profit reported, citing sources. The firm plans to file an updated draft red herring prospectus (DRHP) in the next two months with the market regulator. Zepto received shareholder approval for the IPO on December 23, 2025.