According to reports, quick commerce company Zepto has been given a first public offering (IPO) with a value of Rs 11,000 crore by the board. The intended IPO will consist of a combination of fresh issues and offer-sale. The expected date of filing a confidential Draft Red Herring Prospectus (DRHP) by Zepto is in the near future. The announcement was made after the company obtained $450 million in its most recent financing round, bringing its overall capital obtained to 2.3 billion. The company was valued at the last time as being worth 7 billion dollars.
Zepto has also made its founders, Aadit Palicha and Kaivalya Vohra, and its Chief Financial Officer Ramesh Bafna whole-time directors at an extraordinary general meeting on December 23 at which they were reelected by shareholders.
In spite of a very good performance in the sales, Zepto reported a very significant increase in its losses, in the fiscal year 2025. The net loss of the company increased by 177% as compared to the previous year and was -3,367.3 crore versus 1214.7 crore in FY24. These increasing losses are an indicator of the increased competition in the quick commerce business in India with competitors aggressively growing. Zepto on the other hand registered a significant growth of 129 percent year on year total sales of 9,668 crore in FY25 compared to 4,223 crore in FY24.
Analysts in the industry indicate that in the quick commerce arena, the operational revenue of the industry is typically considered at 15-20 percent of the gross merchandise value (GMV) and the operational revenue of Zepto could be estimated to be between 1,500 crore and 2,000 crore.
In context, Blinkit and Swiggy Instamart, the two biggest competitors, reported operational revenues of Rs 5,206 crore and Rs 2,252 crore, respectively, in FY25. The adjusted EBITDA loss of Swiggy Instamart has been demonstrated at 2,095 crore in the year, which is significantly higher than the market leader Blinkit.
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