Zepto refiles DRHP with SEBI, targets ₹8,010 crore fresh issue to fund dark store push
Quick commerce player Zepto has filed updated IPO papers with SEBI seeking a ₹8,010 crore fresh issue plus OFS. FY26 revenue doubled to ₹11,110 crore across 1,100+ dark stores in 66 cities, but losses widened to ₹5,910 crore. Proceeds earmarked for store expansion, tech, marketing and M&A.
What happened
Zepto filed updated DRHP with SEBI for IPO with ₹8,010 crore fresh issue plus OFS. Proceeds fund dark store expansion, tech, marketing, M&A. FY26 revenue
Key facts
- ₹8,010 crore fresh issue
- 1,60,20,000 equity shares
- ₹5 face value
- Revenue ₹11,110 crore FY26
- Revenue ₹5,453 crore FY25
- Loss ₹5,910 crore FY26
- Loss ₹4,701 crore FY25
- 1,100+ dark stores
- 66 cities
- 337 stores FY24
- 11 cities FY24
Why this matters
M&A is explicitly carved into the use-of-proceeds, signaling Zepto will likely consolidate smaller dark store networks or adjacent verticals post-listing to defend share against Blinkit and Instamart.