Business Overview
Zepto is the fastest growing quick commerce platform in India in terms of order volume between Fiscal 2024 and Fiscal 2026 amongst scaled quick commerce platforms, with order volume growing at a CAGR of approximately 119.50% during this period. The Company operates a network of 1,139 dark stores as of March 31, 2026, and listed an average of 46,623 SKUs in Fiscal 2026, ranging from fresh fruits and vegetables to household electronics and cosmetics. Zepto's network is powered by automated supply chain infrastructure and an in-house technology stack, supported by an average of 286,670 Active Delivery Partners on a gig economy model. The platform served 47.97 million Annual Transacting Users in Fiscal 2026 across rapid delivery, wide assortment and transparent prices.
Zepto IPO Size
Objects of the Issue
Expenditure for expansion of dark store network through setting up of new dark stores in existing and new geographies
Expenditure towards lease rentals of existing dark stores
Investment in technology and cloud infrastructure
Investment in Subsidiary, Zepto Marketplace Private Limited for marketing and business promotion expenses for enhancing brand awareness and visibility of the platform
Funding inorganic growth through unidentified acquisitions and general corporate purposes
Zepto IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 22,623.58 | 11,109.95 | 4,454.52 |
| PAT | -5,905.19 | -4,699.71 | -1,214.79 |
| Net Worth | 5,997.89 | 8,586.13 | 1,717.19 |
| Borrowings | 0.00 | 0.00 | 171.61 |
| Assets | 13,510.11 | 13,800.13 | 2,898.27 |
| NAV (₹) | 2.95 | ||
| EPS (₹) | -5.05 | -3.64 | -1.14 |
Key Performance Indicators (KPIs)
EBITDA
-20.32%
PAT
-26.10%
ROE
-165.89%
Total Orders (Cr)
64.18
OPD per Store
1,677
Adj EBITDA / Order (₹)
-78.75
FCF/ Order
-67.63
Order Volume Growth YoY
92.76%
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band
Promoter Holding
Promoter
69.29%
Public
30.71%
Management
Aadit Palicha
Age: 23 years
MD & CEO
Remuneration
₹2.5 Cr + perquisites up to ₹0.1 Cr/month
Education
International Baccalaureate diploma, GEMS Modern Academy, Dubai, UAE
Prior Experience
None — associated with Zepto since incorporation (Dec 2020); 4.5+ years in quick commerce
Kaivalya Vohra
Age: 23 years
WTD
Remuneration
₹2.5 + perquisites up to ₹0.1 Cr/month
Education
General Certificate of Education (Advanced Level, Computer Science), Dubai College, UAE
Prior Experience
None — associated with Zepto since incorporation (Dec 2020); 4.5+ years in quick commerce
Ramesh Bafna
Age: 43 years
WTD & CFO
Remuneration
₹3.85 Cr
Education
Chartered Accountant (Associate member, ICAI)
Prior Experience
Wipro Limited (Senior Manager); Myntra Designs (CFO); Flipkart Internet (Senior Director); 22+ years in finance
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (7)
Company Details
Name: Zepto Limited
Address: Hiranandani Lighthall, A Wing, 6th floor, Saki Vihar Road, Andheri East, Mumbai 400 072, Maharashtra, India
Number: +91 96062 42106
Email: cosec@zepto.com
Website: https://www.zepto.com
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