Zepto doubles FY26 revenue to Rs 22,624 cr ahead of IPO; q-comm share hits 35%
Updated DRHP shows revenue up 103.6% to Rs 22,624 cr in FY26, but net loss widened to Rs 5,905 cr. Quick-commerce order share climbed to 35% across 1,139 dark stores serving 47.97 mn annual users. Founders skip OFS as Nexus, Contrary and Kaiser Permanente partially exit; ED has sought FEMA disclosures.
What happened
Zepto's UDRHP shows FY26 revenue doubled to Rs 22,624 cr with losses widening to Rs 5,905 cr. Quick-commerce order share rose to 35%; founders skip OFS while
Key facts
- Revenue Rs 22,624 cr FY26
- up 103.6%
- Net loss Rs 5,905 cr
- Fresh issue Rs 8,010 cr
- OFS 113.5 mn shares
- Q-comm order share 35%
- 1,139 dark stores
- 47.97 mn annual users
- 46,623 SKUs
- Q4 revenue Rs 7,498 cr
Why this matters
Zepto's 35% q-commerce share and aggressive store expansion reset the M&A benchmark for grocery and last-mile assets, pressuring Blinkit, Instamart and traditional grocers to consolidate or partner.