IPO-bound Zepto has appointed Bharti Enterprises vice-chairman Akhil Gupta as an independent director to its board.
Currently, Zepto co-founders Aadit Palicha and Kaivalya Vohra are on the board of the quick commerce major. Avra founder Anu Hariharan, and Nexus Venture Partners co-founder and Managing Director Suvir Sujan, are among the other board members.
This comes at a time when the company is looking to file for IPO in the coming months and is strengthening its board.
Recently, Zepto pivoted to a new subscription service Zepto Daily currently available by invite only in select pin codes. The company is considering pulling the plug on its Zepto Pass subscription service and Zepto Dailym is set to replace Pass
IPO-bound Zepto, which recently flipped its base back to India from Singapore, has been on a fundraising spree. The company has raised $1.35 billion till date. Zepto has raised $350 million from Motilal Oswal, Ranjan Pai’s Claypond Capital and other Indian investors.
The company has outlined the last quarter of FY26 for Ebitda profitability to public market investors.
Zepto, through its previous two funding rounds, has onboarded several family offices and is working towards becoming a majority Indian-held firm amid growing scrutiny of quick commerce platforms’ models. The company is in the middle of exploring multiple options to significantly increase domestic shareholding in the company.
Published on April 12, 2025
