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Zepto's $1B IPO tests investor patience as losses top quick-commerce peers

Zepto's $1B IPO spotlights its profitability gap: highest FY26 Ebitda losses (Rs 5,000 cr) among top-three quick commerce players despite 640M orders and 19% share. Low AOV (Rs 357) reflects everyday-low-price strategy; investors will judge monetisation trajectory amid Amazon/Flipkart entry.

Newer report adds to this story , : Zepto targets IPO at ~$4.5 Bn pre-money, below its $7 Bn peak.

Read next

  1. Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%, , The Hindu BusinessLine
  2. Zepto may cut IPO size 20% as investor bids peg valuation at $3.5-4B, half its $7B mark, , ET Retail

The numbers

Figures from ET Hospitality,

Sector GMV Rs 92,000 crore

Other figures

  • 1,139 dark stores
  • 66 cities
  • 1.8 million orders/day
  • 48 million annual users

Why it matters to operators and investors

Zepto's pre-IPO vulnerability—deepest losses among peers facing hyperscaler entry—creates a narrow window for strategic partnerships or category-specific JVs before public-market scrutiny forces margin pivots.

The source

Source Read the source at ET Hospitality

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