Quick-Beauty Wars Heat Up as Zepto Posts ₹5,905 Cr Loss; MyGate Bags ₹225 Cr
Urban Company, Yes Madam and Snabbit race to deliver at-home beauty in 30-60 minutes as Zepto's updated DRHP reveals a ₹5,905 Cr FY26 loss on ₹22,623 Cr revenue. MyGate raises ₹225 Cr ($23.6 Mn) across 27,000 communities; Flipkart faces insolvency plea; Delhi NCR overtakes Bengaluru as top D2C hub.
What happened
Inc42 roundup: at-home beauty quick-commerce heats up with Urban Company, Yes Madam, Snabbit; MyGate raises ₹225 Cr; Zepto's updated DRHP shows ₹5,905 Cr FY26
Key facts
- ₹225 Cr MyGate raise
- $23.6 Mn
- 27,000 gated communities
- 5 Mn homes
- Zepto FY26 loss ₹5,905 Cr
- Zepto revenue ₹22,623.6 Cr
- IPO fresh issue ₹8,010 Cr
- OFS 11.4 Cr shares
- Sanskrit Capital ₹700-1,000 Cr fund
- Flipkart insolvency dues ₹1.69 Cr
- Netambit dues ₹4.37 Cr
- MioPods ₹299/30 min
- D2C $3.5 Bn / 434 deals
Why this matters
Consolidation windows are opening across quick-services—Flipkart's insolvency plea, Delhi NCR's D2C ascendance, and fragmented at-home beauty entrants (Urban Company, Yes Madam, Snabbit) create acquisition optionality for platforms seeking category depth.