Zepto's ₹8,010 Cr IPO is finally here.
But this isn't just another startup IPO story.
In FY26, Zepto doubled its revenue to ₹22,624 Cr, improved its unit economics, and continued to scale its quick-commerce empire.
Yet, losses widened to ₹5,905 Cr.
The company is still spending aggressively on dark store expansion, customer acquisition, and faster deliveries. Add regulatory scrutiny and ownership-related questions to the mix, and the IPO story becomes far more complex than just growth.
The real question isn't whether Zepto can scale.
It's whether it can turn scale into sustainable profits.
Swipe through for a breakdown of the opportunities, risks, and big questions surrounding one of India's most anticipated IPOs. 👀