Financial Snapshot
Key Performance Indicators:
Analysis is based on the company's reported financial statements and historical financial data.
Zepto Limited Unlisted Shares
75
Visitors
₹39
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Zepto Unlisted Shares Trend
Trend Score
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Zepto Unlisted Shares Details
Zepto Limited Unlisted Shares Price
₹39
- Lot Size
- 1,000 Shares
- Min. Investment
- ₹39,000
Valuation
- Market Cap
- ₹49,152.46 Cr
- Total Shares
- 12,60,31,95,213
- P/E Ratio
- -
- P/B Ratio
- 13.22x
Performance & Health
- ROE
- N/A%
- EPS
- ₹(5.05)
- Debt/Equity
- 0
- Book Value
- ₹2.95
Corporate Identity
- Sector
- Quick Commerce
- Availability in Depository
- CDSL & NSDL
- Face Value
- ₹5.00
- ISIN Code
- INE143401029
- PAN
- AAICK4821A
- CIN
- U46909MH2020PLC351339
- Registrar (RTA)
- KFIN Technologies Limited
Zepto Limited Unlisted Shares Price
₹39
Lot Size
1,000 Shares
Min. Investment
₹39,000
Valuation
- Market Cap
- ₹49,152.46 Cr
- Total Shares
- 12,60,31,95,213
- P/E Ratio
- -
- P/B Ratio
- 13.22x
Performance & Health
- ROE
- N/A%
- EPS
- ₹(5.05)
- Debt/Equity
- 0
- Book Value
- ₹2.95
Corporate Identity
- Sector
- Quick Commerce
- Face Value
- ₹5.00
- ISIN Code
- INE143401029
- PAN
- AAICK4821A
- Availability in Depository
- CDSL & NSDL
- CIN
- U46909MH2020PLC351339
- Registrar & Transfer Agent (RTA)
- KFIN Technologies Limited
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About Company
Zepto is one of India's leading quick commerce platforms, focused on delivering groceries, daily essentials, fresh produce, personal care products, electronics, household goods, and other consumer products through a technology-driven hyperlocal comme...
Zepto is one of India's leading quick commerce platforms, focused on delivering groceries, daily essentials, fresh produce, personal care products, electronics, household goods, and other consumer products through a technology-driven hyperlocal commerce network. Founded in 2021, Zepto has rapidly emerged as a major player in India's quick commerce industry by combining extensive product selection, advanced supply chain infrastructure, and rapid delivery capabilities.
Zepto operates a digital commerce platform that connects consumers with merchant partners through its mobile application. Orders placed on the platform are fulfilled through a network of strategically located dark stores and delivered through an extensive last-mile delivery network. As of March 31, 2026, Zepto operated 1,139 dark stores across 66 cities in India, supporting an average of 2.33 million orders per day during the quarter ended March 31, 2026.
The company has built one of the largest quick commerce networks in the country, enabling consumers to access a wide assortment of products within minutes. Zepto's platform offered an average of 46,623 SKUs during FY2026, ranging from fresh fruits and vegetables to packaged foods, beverages, household electronics, cosmetics, personal care products, and lifestyle categories. The assortment available on the platform has expanded significantly over the years, increasing from 12,312 SKUs in FY2024 to over 46,000 SKUs in FY2026, reflecting the company's focus on improving customer choice and engagement.
A key differentiator for Zepto is its technology-enabled supply chain ecosystem. The company operates automated fulfilment infrastructure supported by proprietary software systems for inventory forecasting, manpower productivity management, warehouse operations, supply chain planning, and delivery optimization. During the quarter ended March 31, 2026, an average of nearly 4 million units per day were processed through automated infrastructure, demonstrating the scale and efficiency of Zepto's operations.
Zepto has also invested heavily in building a large delivery ecosystem. The platform operated with an average active delivery partner network exceeding 286,000 delivery partners during the quarter ended March 31, 2026. This network enables efficient last-mile fulfilment and supports the company's objective of providing a reliable and seamless customer experience across its service locations.
Fresh fruits and vegetables represent an important component of Zepto's product ecosystem. The company has developed a vertically integrated sourcing platform supported by a Farmer Partner Network, enabling direct procurement and improved quality control across the supply chain. The average number of fresh fruits and vegetable units processed through dark stores increased significantly from approximately 0.56 million units per day in FY2024 to nearly 2 million units per day in FY2026, reflecting strong customer demand and increasing scale.
Beyond grocery and household essentials, Zepto continues to diversify its offerings through additional business verticals. The company operates Zepto Café, which allows customers to order freshly prepared food and beverages alongside groceries through a single platform and delivery network. Zepto has also expanded into advertising and analytics solutions, enabling brand partners to improve product visibility, execute targeted promotional campaigns, and access real-time customer insights and performance analytics.
Zepto's business model generates revenue through product sales, service offerings, advertising solutions, and supply chain services. The company also provides supply chain support to wholesalers and retailers by sourcing products from brands and distributing them through its logistics network. These initiatives help diversify revenue streams while strengthening relationships across the broader retail ecosystem.
Innovation remains a central component of Zepto's strategy. The company continues to invest in artificial intelligence, automation, analytics, and technology platforms to improve operational efficiency, customer experience, inventory management, and delivery performance. Zepto has also launched analytics tools for brand partners, providing hyperlocal visibility into customer behaviour, product performance, and market trends.
According to the Redseer Report referenced in the DRHP, Zepto was the fastest-growing quick commerce platform in India in terms of order volume between FY2024 and FY2026 among scaled quick commerce platforms. During this period, order volume grew at a CAGR of approximately 119.5%, while Zepto's share of total quick commerce orders increased significantly. The company has also recorded substantial growth in daily order volumes, highlighting the increasing adoption of its platform by consumers across India.
With its extensive dark store network, technology-driven operations, strong supply chain infrastructure, growing merchant ecosystem, and expanding product portfolio, Zepto has established itself as one of the most prominent players in India's rapidly growing quick commerce industry. As consumer demand for convenience, speed, and digital commerce continues to increase, Zepto remains focused on expanding its geographic reach, enhancing platform capabilities, and strengthening its position within India's evolving retail landscape.
Key Operating Metrics
Rapid Order Growth
Zepto's total orders increased from 132.87 million in FY24 to 332.11 million in FY25 and further to 640.18 million in FY26. This strong growth reflects increasing customer adoption and the expanding role of quick commerce in everyday purchases.
Scaling Daily Orders
Average Orders Per Day (OPD) nearly doubled to 1.75 million orders per day in FY26, compared to 0.91 million in FY25 and 0.36 million in FY24. The growth demonstrates the scalability of Zepto's platform and delivery infrastructure.
Expanding Network
Zepto expanded its dark store network to 1,139 stores as of FY26, up from 1,029 stores in FY25 and 337 stores in FY24. The growing network strengthens delivery coverage and supports faster order fulfilment across cities.
Higher Throughput
Orders per store increased to 1,677 orders per day in FY26, compared to 1,565 in FY25 and 1,325 in FY24. The improvement indicates stronger utilization of existing infrastructure and growing operating efficiency.
Strong User Base
Annual Transacting Users (ATU) grew to 47.97 million in FY26 from 38.38 million in FY25 and 10.57 million in FY24. The expanding customer base highlights increasing consumer preference for Zepto's quick commerce platform.
Monetization Improvement
Net Receivables Value (NRV) rose to ₹248.16 billion in FY26, nearly doubling from ₹127.04 billion in FY25. At the same time, advertisement receipts increased to 7.78% of NRV, demonstrating the growing contribution of advertising and platform monetization initiatives.
Source: Zepto Limited UDRHP
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Zepto Financials
Income Statement
Figures shown in millions. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2024 | FY 2025 | FY 2026 | Trend |
|---|---|---|---|---|
| INCOME | ||||
| Revenue from operations | 44,545.16 | 111,099.47 | 226,235.84 | |
| Other income | 896.56 | 4,928.07 | 5,047.94 | |
| Total income | 45,441.72 | 116,027.54 | 231,283.78 | |
| EXPENSES | ||||
| Purchase of traded goods | 34,626.73 | 100,260.18 | 184,849.75 | |
| Change in inventories of traded goods | 311.86 | (4,838.95) | (2,866.07) | |
| Delivery and handling expense | 5,808.72 | 15,989.35 | 30,463.41 | |
| Employee benefits expense | 4,261.94 | 12,406.43 | 17,846.67 | |
| Finance costs | 568.94 | 1,377.08 | 2,647.91 | |
| Depreciation and amortisation expense | 1,209.80 | 4,040.75 | 8,942.56 | |
| Other expenses | 10,724.15 | 33,175.85 | 48,383.23 | |
| Total expenses | 57,512.14 | 1,62,410.69 | 2,90,267.46 | |
| Restated loss before exceptional items and tax | (12,070.42) | (46,383.15) | (58,983.68) | |
| Exceptional items | - | 571.18 | 68.24 | |
| Restated loss before tax | (12,070.42) | (46,954.33) | (59,051.92) | |
| Income tax expense | ||||
| Current tax | 77.52 | 42.81 | - | |
| Deferred tax | - | - | - | |
| Total tax expense | 77.52 | 42.81 | - | |
| Restated loss for the year | (12,147.94) | (46,997.14) | (59,051.92) | |
| EPS (In ₹) | (1.14) | (3.64) | (5.05) |
Zepto - Key Insights
POSITIVE
User Growth
Annual Transacting Users (ATU) increased from 10.57 million in FY24 to 47.97 million in FY26. The rapid expansion highlights growing consumer preference for quick commerce and Zepto's increasing market penetration.
POSITIVE
Network Expansion
Zepto expanded its dark store network from 337 stores in FY24 to 1,139 stores in FY26. The larger network strengthens delivery coverage, reduces fulfilment times, and supports future growth.
POSITIVE
Order Momentum
Total orders increased from 132.87 million in FY24 to 640.18 million in FY26. Average daily orders reached 1.75 million in FY26, reflecting strong customer adoption and platform engagement.
POSITIVE
Fastest Growth
Zepto emerged as the fastest-growing quick commerce platform in India between FY24 and FY26 among scaled players. Order volume grew at a CAGR of approximately 119.5%, significantly outpacing industry growth.
NEUTRAL
Capital Intensive
Zepto's rapid expansion strategy requires significant investments in dark stores, technology infrastructure, and customer acquisition. The company plans to utilize a substantial portion of the IPO proceeds for setting up approximately 1,904 additional dark stores, reflecting its continued dependence on capital for growth.
NEGATIVE
Continued Losses
Despite strong growth in orders and revenue, Zepto reported a consolidated loss of ₹59.05 billion in FY26, compared to ₹47.00 billion in FY25. The company continues to prioritize expansion and market penetration, resulting in ongoing losses.
Zepto - Peers
Zepto - Corporate Actions
Latest Announcements
No Recent Announcements
We haven't recorded any regulatory updates for Zepto Limited Unlisted Shares.
Zepto - News
THE TIMES OF INDIA
Profitability a concern as zepto lines up IPO
Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.
THE MORNING CONTEXT
A high-risk, unfinished, cash-guzzling Zepto comes to public markets
SEBI has lowered the bar for loss-making startups to list. In that context, a company like Zepto redefines the meaning of risk in public market investing.
THE ECONOMIC TIMES
Zepto overtakes Instamart in order count, trails Blinkit in scale and profitability
For the January-March quarter of FY26, Blinkit reported a net order value of Rs 14,386 crore, compared with Zepto’s calculated net order value of Rs 7,591 crore and Instamart’s Rs 5,674 crore, according to data compiled by ET from the DRHP.
NDTV
Zepto's Rs 8,010 Crore IPO: Revenue, Losses Up, What Investors Must Know
In the March quarter, Zepto's revenue surged 75.26 per cent to Rs 7,497.64 crore.
THE TIMES OF INDIA
Profitability a concern as zepto lines up IPO
Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.
THE MORNING CONTEXT
A high-risk, unfinished, cash-guzzling Zepto comes to public markets
SEBI has lowered the bar for loss-making startups to list. In that context, a company like Zepto redefines the meaning of risk in public market investing.
THE ECONOMIC TIMES
Zepto overtakes Instamart in order count, trails Blinkit in scale and profitability
For the January-March quarter of FY26, Blinkit reported a net order value of Rs 14,386 crore, compared with Zepto’s calculated net order value of Rs 7,591 crore and Instamart’s Rs 5,674 crore, according to data compiled by ET from the DRHP.
NDTV
Zepto's Rs 8,010 Crore IPO: Revenue, Losses Up, What Investors Must Know
In the March quarter, Zepto's revenue surged 75.26 per cent to Rs 7,497.64 crore.
Zepto - DRHP
2026
DRHP/RHP
Zepto Limited DRHP
Management & Corporate Info
Paul Hudson
Chairman and Non-Executive Nominee Director
Aadit Palicha
Managing Director and Chief Executive Officer
Kaivalya Vohra
Whole-Time Director
Akhil Gupta
Independent Director
Anulakshmi Hariharan
Independent Director
Registered Office
Hiranandani Lighthall,
A Wing, 6th floor,
Saki Vihar Road, Andheri East,
Mumbai 400 072, Maharashtra, India
Zepto Limited Unlisted Shares Shares
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Zepto Unlisted Shares Trend
Trend Score
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Sentiment
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This sentiment meter reflects current demand-supply conditions in the unlisted market. It is not a rating and should not be considered advice to buy, sell, or hold. Sentiments are subject to rapid change and may not be real-time.
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