Zepto files DRHP for Rs 8,100 cr issue as losses quintuple to Rs 6,000 cr
Zepto's draft prospectus targets a Rs 8,100 crore fresh issue on FY26 income near Rs 23,000 crore—rivalling Swiggy—but losses ballooned 5x to Rs 6,000 crore and a Rs 4,000 crore free cash flow gap looms. Critical disclosures on MTUs and CAC are missing, testing investor faith.
What happened
Zepto's DRHP seeks Rs 8,100 crore fresh issue with FY26 income near Rs 23,000 crore rivalling Swiggy, but losses quintupled to Rs 6,000 crore and key metrics
Key facts
- Rs 8,100 crore fresh issue
- Rs 23,000 crore FY26 total income
- Rs 6,000 crore FY26 losses
- Rs 5,680 crore cash reserves
- $2.5 billion raised over 5 years
- Rs 4,000 crore free cash flow deficit
Why this matters
Zepto's cash burn and missing engagement metrics open a window to pursue partnership leverage, talent poaching, or pre-IPO secondary positioning while public-market scrutiny pressures their terms.