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Zepto

Consumer / Quick commerce · India · Private

Zepto runs a network of dark stores in India that deliver groceries and household goods in about 10 minutes.

$4.5BLatest valuationAugust 2026 private placement, as reported
~₹1,000 croreLatest fundingPrivate placement replacing a paused IPO
~$2.4BFY2026 revenueUp 104%, per IPO filing
PrivatePublic statusNo confirmed IPO

The Company

Zepto was founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra. It operates more than 1,100 dark stores and processed more than 640 million orders in fiscal 2026, with revenue of about $2.4 billion, up 104%, and a net loss of about $617 million.

Zepto was valued at $7 billion in October 2025. After filing for an IPO, it deferred the listing in August 2026 and was reported to be raising about ₹1,000 crore privately at a $4.5 billion valuation, with the IPO now targeted for early 2027.

Why It Matters

Zepto is a test of whether quick commerce can become profitable, and its valuation cut shows how public-market investors are pricing loss-making growth companies.

Valuation History

  1. $7B→Oct 2025Financing
  2. $4.5B→Aug 2026Private placement, reported

What Changed

  1. Zepto is founded.

  2. A financing values Zepto at $7B.

  3. Zepto files for an Indian IPO.

  4. Zepto pauses its IPO and raises privately at a reported $4.5B.

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