Shares of food delivery giants Zomato and Swiggy surged more than 7% today following news that quick commerce unicorn Zepto has postponed its initial public offering (IPO) by a year. Sources familiar with the matter told Bussiness that Zepto now plans to enter the public markets in calendar year 2026 instead of 2025 as earlier anticipated.

Zepto CEO and co-founder Aadit Palicha had previously expressed confidence about going public in 2025, provided the company’s business performance remained strong. However, as per  Bussiness, insiders revealed that the company is currently focusing on reducing cash burn and improving profitability, which has pushed back its IPO timeline.

Despite potential draft red herring prospectus (DRHP) filings in the near term, Zepto will not proceed with an IPO this year. Reports also indicate Zepto missed its revenue and cost targets for Q4 FY25 and is adjusting its strategy accordingly.

Eternal (Zomato) shares opened at ₹237.10 and reached a high of ₹244.70 today, with the low remaining at ₹237.10. The stock is close to its 52-week high of ₹246.94, reflecting strong market interest. The 52-week low stands at ₹209.86.

On the other hand, shares of Swiggy opened at ₹335.40 and surged to a high of ₹357.50 today, showing strong buying interest.

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