Zepto's updated DRHP targets >$1 bn IPO with ₹8,010 cr fresh issue, 1,900 new dark stores planned
Zepto's refiled DRHP outlines a ₹8,010 cr fresh issue plus 11.35 cr-share OFS, eyeing a July 2026 listing above $1 bn. FY26 revenue doubled to ₹22,624 cr on 640 mn orders, but net loss widened to ₹5,905 cr — still trailing Blinkit on profitability as it commits ₹1,629 cr to dark stores and ₹1,325 cr to tech.
What happened
Zepto's updated DRHP details a ₹8,010 cr fresh issue plus 11.35 cr-share OFS targeting >$1 bn, funding 1,900 new dark stores and tech. FY26 revenue doubled to
Key facts
- fresh issue ₹8,010 cr
- OFS 11.35 cr shares
- targeting >$1 bn / ₹10,000 cr
- 1,139 dark stores as of Mar 2026
- 1,900 new dark stores planned
- ₹1,629 cr dark-store capex
- ₹1,325 cr tech/cloud
- FY26 revenue ₹22,623.6 cr
- FY26 net loss ₹5,905.2 cr
- FY26 NRV ₹24,815.5 cr
- 640 mn orders FY26
- Q4 NRV ₹8,134 cr
- Q4 EBITDA loss ₹1,248 cr
- attrition 51.3%
- promoter holding 19.6%
Why this matters
The ₹1,629 cr dark-store and ₹1,325 cr tech commitments signal Zepto will be an aggressive acquirer of micro-warehousing real estate and logistics tech—targets in cold chain, WMS, and rider platforms become contested.