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Zepto (Zepto Limited)

Indian Quick CommerceQuick CommerceFounded 2021
Reviewed by Swet Parvadiya
Company data updated: October 2026
Independent Editorial Analysis
5 historical events · Editorial analysis

Zepto Company Profile: Revenue, Business Model & Strategy

Research depth: 5 milestones · 7 FAQs

Zepto is an Indian quick-commerce company founded in 2021 by Aadit Palicha and Kaivalya Vohra. It reported revenue from operations of ~$2.62 billion (₹22,624 crore) and a net loss of ~$685 million (₹5,905 crore) for FY26, and operated 1,139 dark stores at 31 March 2026. Aadit Palicha is CEO.

How Zepto makes money: Zepto earns money in three main ways. It earns a margin on goods sold from its dark stores, either directly or through sellers on its marketplace.

Revenue & employeesCEO historyFoundersBusiness model
Annual Revenue (FY2026)~$2.6B
CEOAadit Palicha
Founded2021
IndustryQuick Commerce
By Swet ParvadiyaLast reviewed:
Data sources: annual reports, SEC filings, methodology
Industry:Quick Commerce

Zepto (Zepto Limited) key figures

Zepto (Zepto Limited) had revenue of ~$2.6B for fiscal year 2026, up 103.6% from FY2025. Net loss was ~$685M, a net margin of -26.1%.

Source: Zepto UDRHP (June 2026) · Last reviewed October 2026

Revenue growth, FY2023 to FY2026
+123.5% a year
Compound annual rate, ~$235M to ~$2.6B
Peak revenue year
FY2026
The latest annual year is the highest in this series
Current chief executive
Aadit Palicha
In the role since 2021 (5 years)
Founded
2021
5 years ago
Where was Zepto founded?
Zepto was founded in Mumbai, Maharashtra, India in 2021. en.wikipedia.org
When did Zepto start?
Zepto was founded in 2021.
How old is Zepto?
Zepto is 5 years old as of 2026.
In-Depth Analysis
256 words · 2 min read

What Zepto does

Zepto is a Bengaluru-based quick-commerce company founded in 2021 by Aadit Palicha and Kaivalya Vohra. It delivers groceries, household essentials and Zepto Cafe food and drinks from neighbourhood dark stores. It had 1,139 of these stores as of 31 March 2026.

Financial performance

Revenue from operations rose from ~$517 million (₹4,454 crore) in FY24 to ~$1.29 billion (₹11,110 crore) in FY25 and ~$2.62 billion (₹22,624 crore) in FY26. The net loss widened from ~$545 million (₹4,700 crore) to ~$685 million (₹5,905 crore) over the last two of those years. In Q4 FY26, revenue grew 75% to ~$870 million (₹7,498 crore) and the adjusted EBITDA loss per order fell to ₹59.4 from ₹142.7 a year earlier. Advertising revenue reached ~$190 million (₹1,636 crore) in FY26.

Funding and IPO

Zepto has raised money from Nexus Venture Partners, StepStone, General Catalyst, Glade Brook and others. Its most recent confirmed round was $450 million at a $7 billion valuation in October 2025. It filed confidentially for an IPO in December 2025, received SEBI approval in May 2026 and filed an updated draft prospectus on 8 June 2026. That filing proposed a ~$929 million (₹8,010 crore) fresh issue plus an offer for sale in which neither founder sold shares. In late July 2026, Zepto delayed the listing over valuation and said it would raise pre-IPO funding first.

Risks

Zepto is still heavily loss-making. It competes with Blinkit, Swiggy Instamart, Flipkart and Amazon. The prospectus also disclosed an April 2026 Enforcement Directorate summons to the founders under FEMA.

Table of Contents

Zepto (Zepto Limited) Key Facts

CompanyZepto (Zepto Limited)
Annual revenue change+103.6% (FY2025–FY2026)
Financials~$2.6B (FY2026, last reviewed October 2026)
Valuation$7.0B (private company, last reported)
FY2026 net incomeloss ~$685M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded2021
Founder(s)Aadit Palicha, Kaivalya Vohra
CEOAadit Palicha
HeadquartersBengaluru, Karnataka, India
IndustryQuick Commerce

Zepto Company Profile: Revenue, Business Model & Strategy

"Zepto doubled its revenue to ~$2.62 billion (₹22,624 crore) in FY26, but its IPO has stalled over valuation."

Zepto is an Indian quick-commerce company founded in 2021 by Aadit Palicha and Kaivalya Vohra. It reported revenue from operations of ~$2.62 billion (₹22,624 crore) and a net loss of ~$685 million (₹5,905 crore) for FY26, and operated 1,139 dark stores at 31 March 2026. Aadit Palicha is CEO.

Revenue

~$2.6B

Founded

2021

Author: CorpDigest Research DeskCompany Research

Recorded annual revenue change

Zepto (Zepto Limited) had ~$1.3B of annual revenue in FY2025 and ~$2.6B in FY2026. Revenue rose 103.6% between those fiscal years.

Source for FY2026

Compare Zepto (Zepto Limited) With

Zepto (Zepto Limited) vs BlinkitStrategic Comparison
Zepto (Zepto Limited) vs BigbasketStrategic Comparison
Zepto (Zepto Limited) vs DunzoStrategic Comparison

Explore Zepto In Depth

Detailed research across every dimension of Zepto — history, financials, leadership, and strategy.

Company History

Zepto launched in Mumbai in 2021, promising grocery delivery in about 10 minutes, and has since expanded across major Indian cities from its Bengaluru base.

Full Zepto history →

Revenue & Financials

Zepto had ~$2.6B in revenue for fiscal year 2026. Data covers 4 fiscal years.

Zepto financials →

Founders

Zepto was founded by Aadit Palicha, Kaivalya Vohra in 2021 in Mumbai, Maharashtra, India. Explore each founder's background, motivations, and their role in building the company.

Zepto founders →

CEO & Leadership

Zepto is currently led by Aadit Palicha. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Zepto CEO history →

Business Model

Zepto earns money in three main ways. It earns a margin on goods sold from its dark stores, either directly or through sellers on its marketplace.

How Zepto makes money →

Competitive Strategy

According to the draft prospectus, IPO proceeds are earmarked for new dark stores (~$189 million (₹1,629 crore)), lease rentals for existing stores (~$201 million (₹1,735 crore)), technology and cloud infrastructure…

Zepto strategy →

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 Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Sources & References

All data point citations [1], [2], etc. in the tables above refer to these primary sources.

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Frequently Asked Questions About Zepto

What is Zepto?

Zepto is an Indian quick-commerce company founded in 2021 that delivers groceries, essentials and Zepto Cafe food from neighbourhood dark stores, usually within minutes.

What was Zepto's revenue in FY26?

Zepto reported revenue from operations of ~$2.62 billion (₹22,624 crore) for the year ended 31 March 2026, up 103.6% from ~$1.29 billion (₹11,110 crore) in FY25. Its net loss was ~$685 million (₹5,905 crore).

Who founded Zepto and who is the CEO?

Aadit Palicha and Kaivalya Vohra founded Zepto in 2021. Aadit Palicha is the CEO.

Is Zepto listed on the stock market?

No. Zepto received SEBI approval and filed an updated draft prospectus in June 2026, but it delayed the planned July 2026 listing over valuation and said it would raise pre-IPO funding first.

How many dark stores does Zepto have?

Zepto operated 1,139 dark stores as of 31 March 2026, according to its IPO filing.

How does Zepto deliver in 10 minutes?

Zepto utilizes an incredibly dense, hyper-optimized network of 'dark stores' (micro-warehouses hidden inside urban neighborhoods) that are specifically designed so pickers can grab items and dispatch riders in under 90 seconds.

Who founded Zepto?

Zepto was founded in 2021 by Aadit Palicha and Kaivalya Vohra, two childhood friends who literally dropped out of Stanford University at just 19 years old to build the company during the COVID lockdown.

Strategic Face-Off

Head-to-Head Comparisons

How does Zepto (Zepto Limited) stack up against its biggest rivals? Compare revenue, business models, SWOT, and competitive moats side by side.

RivalryVS

Zepto (Zepto Limited) vs Blinkit

Revenue scale, margin comparison, and long-term moat analysis.

Compare Analysis
RivalryVS

Zepto (Zepto Limited) vs Dunzo

Revenue scale, margin comparison, and long-term moat analysis.

Compare Analysis

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Explore Zepto

Core profile pages, founders and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.