Valued at $7 billion, the company has raised a total of $1.8 billion, or about Rs 16,000 crore, since its inception in July 2021 from marquee investors. (Photo source: Zepto) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Quick commerce unicorn Zepto on Friday said that its shareholders have approved a plan to convert the firm from a private entity into a public company.

Valued at $7 billion, the company has raised a total of $1.8 billion, or about Rs 16,000 crore, since its inception in July 2021 from marquee investors.

The resolution "to approve the conversion from private limited company to public limited company" was cleared by shareholders on Nov. 21, according to a regulatory filing.

Sources aware of the development told PTI that the company plans to file draft

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