Zepto's loss widens to ₹5,905 crore in FY26 despite revenue doubling
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Online quick commerce platform Zepto reported a widening of its net loss to ₹5,905.19 crore in FY26, compared with ₹4,699.71 crore in the previous fiscal, even as its revenue from operations more than doubled during the period. According to the company's updated Draft Red Herring Prospectus (UDRHP) filed with the Securities and Exchange Board of India (Sebi), revenue from operations surged to ₹22,623.58 crore in FY26 from ₹11,109.94 crore in FY25.
On a quarterly basis, Zepto's losses narrowed in the January-March quarter of FY26. Net loss for Q4FY26 stood at ₹1,538.67 crore, compared with ₹1,831.91 crore in the corresponding quarter of the previous year. Revenue for the quarter rose 75.26% to ₹7,497.64 crore from ₹4,278.06 crore a year earlier.
The Bengaluru-based firm has filed updated draft papers with Sebi to raise ₹8,010 crore through a fresh issue of shares as part of its proposed initial public offering (IPO).
Operationally, Zepto processed 64 crore orders during FY26, translating into an average of more than 17 lakh orders per day. In the fourth quarter alone, the company fulfilled 21 crore orders, averaging 23.3 lakh daily orders.
The company's annual transacting users (ATU) increased 25% year-on-year to 4.79 crore as of March 31, 2026. Its dark store network expanded to 1,139 stores by the end of the fiscal year.
The UDRHP showed that in addition to the fresh issue of shares the IPO will include an offer for sale (OFS) of 11.35 crore equity shares by existing shareholders. The total issue size is expected to be around ₹11,000 crore.
Proceeds from the fresh issue will be used to expand Zepto's dark store network across existing and new markets, fund lease rentals for current stores, strengthen cloud and technology infrastructure, support marketing initiatives, and pursue inorganic growth opportunities.
Following its proposed listing, Zepto will compete on the stock exchanges with listed rivals Eternal and Swiggy, whose quick-commerce businesses operate under the Blinkit and Instamart brands, respectively. Originally incorporated as Kiranakart Technologies Pvt. Ltd in December 2020, the company was renamed Zepto Pvt. Ltd in April 2025 and subsequently converted into a public limited company in December 2025.