Zepto dark store operations, Bengaluru, India
India’s startup ecosystem is witnessing a divergence in public market strategies. While some companies like Curefoods have deferred their IPO plans due to valuation concerns and cautious investor sentiment, quick commerce major Zepto is moving forward with its stock market debut.
Zepto has filed its updated draft papers for an Initial Public Offering (IPO), which includes a fresh issue of ₹8,010 Cr and an offer-for-sale component by existing investors. The company intends to utilize these proceeds for expanding its dark store network, investing in its subsidiaries, and pursuing inorganic growth opportunities. This move comes despite Zepto’s losses widening to ₹5,905.2 Cr in FY26, though its operating revenue more than doubled to ₹22,623.6 Cr.
In other significant funding news, cleantech startup GPS Renewables has raised approximately ₹635 Cr (around $66.4 Mn) in a Series C round led by Sojitz Corporation. The funds will be used to accelerate its compressed biogas projects across India and scale its project development platform. GPS Renewables, founded in 2012, provides end-to-end solutions for biofuels, converting organic feedstock into clean fuels.
The report also highlights other financial activities in the startup space, including Klassroom’s planned IPO on the BSE SME platform, Incuspaze’s acquisition of coworking space provider iKeva, Aye Finance’s plan to raise $15 Mn in debt funding, and Immuneel Therapeutics securing ₹100 Cr for its cell and gene therapy pipeline.
Additionally, the article features Adiabatic, a startup developing battery systems for electric vehicles designed to withstand India’s tropical climate, and an infographic on the emerging demi-fine jewellery category in India.
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