IPO · Commerce & Consumer Brands

Zepto files updated draft IPO papers to raise ₹8,010 crore

What they do

Zepto operates a quick commerce platform delivering groceries and everyday essentials to urban consumers in minutes

The company filed an updated draft red herring prospectus with SEBI to raise ₹8,010 crore through a fresh issue of shares

The filing reveals a strategic shift towards everyday low prices, advertising revenue, and operational efficiency over aggressive cash burn

Quick commerce platform Zepto filed an updated draft red herring prospectus with SEBI to raise ₹8,010 Cr via a fresh issue of shares.
The company reported a cash position of approximately ₹5,680 Cr at the close of FY26 and aims to narrow the financial gap with larger competitors.
Zepto adopted an everyday low prices playbook to chase higher order volumes and value-conscious shoppers instead of relying on frequent discounts.
The delivery firm operated 1,139 dark stores as of March 2026, slowing down expansion from the previous year to focus on existing store productivity.
Advertising revenue surged to ₹1,636 Cr in FY26 up from ₹49 Cr in FY24, transforming the platform into a retail media network.
The enforcement directorate questioned Zepto regarding advertisements placed by a third-party media agency for a banned betting platform named Parimatch.

Intense competition from deep-pocketed rivals like Amazon and Flipkart Minutes has increased pressure on customer retention and delivery costs.
Public market investors are closely monitoring unit economics, cash runway, and a clear path to profitability ahead of the upcoming public listing.

Zepto delivers groceries and household items to customers within minutes through a network of localized dark stores.
The platform generates revenue through product sales via an inventory-led model and monetizes purchase-intent traffic through advertising.
It competes directly with major quick commerce players such as Blinkit and Swiggy Instamart across urban markets in India.

Zepto plans to list on public markets following the regulatory review of its updated draft prospectus by SEBI.

Product: A rapid-delivery app for groceries and everyday essentials.
Customers: Consumers ordering groceries and essentials online.
How it makes money: It earns from product margins, delivery fees, and order-value thresholds across its quick-commerce network.
What sets it apart: It was built as a quick-commerce native company from day one.
Operations: Operates dark-store based 10-minute delivery across multiple Indian cities.