India, June 8 -- Quick commerce major Zepto has filed its updated draft red herring prospectus (UDRHP) with the SEBI weeks after getting the regulator's go-ahead.

The proposed public offering is expected to comprise a fresh issue of shares worth INR 8,010 Cr. Meanwhile, its investors intend to offload a cumulative 11.35 Cr shares via the IPO. Investors like Nexus Venture Partners, Contrary Capital, Kaiser, among others will participate in the offer-for-sale (OFS) component of the IPO.

A large chunk of the fresh capital raised via the IPO will be used to expand its Zepto's dark store network. The company will also be investing the capital in its subsidiary Zepto Marketing and use a portion of the capital to fund inorganic growth activiti...