Results · Commerce & Consumer Brands

Zepto's FY25 loss widens 177% to Rs 3,367 crore

By Startup Enthusiast · 26 December 2025

What they do

Zepto's FY25 net loss jumped 177% to Rs 3,367 crore on sales of Rs 9,669 crore

Blinkit reported FY25 revenue of Rs 5,206 crore and adjusted Ebitda loss of Rs 292 crore

The company is preparing to file for an IPO, targeting Rs 11,000 crore primary raise

Zepto reported its FY25 financial results with a net loss of Rs 3,367.3 crore.
The loss widened 177% from Rs 1,214.7 crore in FY24.
Total sales rose 129% to Rs 9,668.8 crore from Rs 4,223.9 crore in FY24.
Operational revenue is estimated at 15-20% of GMV, translating to Rs 1,500-2,000 crore for FY25.
The company is preparing to confidentially file a DRHP with Sebi for an IPO.
It targets a primary capital raise of about Rs 11,000 crore ($1.3 billion).
Shareholders approved appointing founders Aadit Palicha and Kaivalya Vohra, and CFO Ramesh Bafna as whole-time directors on December 23.

Losses grew because the company spent heavily on capacity, store expansion and customer acquisition in a tough quick commerce market.
Blinkit reported FY25 revenue of Rs 5,206 crore and adjusted Ebitda loss of Rs 292 crore.
Swiggy Instamart reported FY25 revenue of Rs 2,252 crore and adjusted Ebitda loss of Rs 2,095 crore.

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.