Zepto has officially entered the big leagues. The quick commerce unicorn clocked a revenue of Rs 11,110 crore in FY25, marking a staggering 150% jump from Rs 4,454 crore in FY24. This explosive growth, revealed through regulatory filings reviewed by Entrackr, positions Zepto as one of the fastest-scaling startups in India’s retail-tech space.
The sharp uptick in revenue isn’t just a story of speed, it’s about smarter execution. Founder Aadit Palicha’s earlier updates hinted at aggressive yet disciplined expansion. Zepto hit $3 billion in annualized gross order value (GOV) while also managing to halve its losses compared to FY24, when the company lost Rs 1,248 crore. That year, Zepto was burning Rs 1.29 to earn every rupee, those economics have improved notably in FY25, thanks to stronger unit economics, higher fill rates, and better contribution margins.
What this really means is: Zepto’s chasing scale without bleeding uncontrollably. And investors are noticing.
Reports suggest Zepto is in advanced talks to raise $500 million at a $7 billion valuation, a solid jump from its $5 billion tag during the $350 million round in November 2024. The timing isn’t random; this fresh funding is expected to extend Zepto’s runway ahead of a possible IPO in 2026. The company is targeting EBITDA break-even within the next 12–15 months.
While it’s tempting to compare Zepto with competitors like Blinkit and Swiggy Instamart, the difference in business models and accounting norms makes it tricky. For reference, Blinkit’s Net Order Value (NOV) stood at Rs 22,731 crore, while Instamart’s GOV hit Rs 14,600 crore in FY25. Zepto may not lead in topline order metrics, but it seems to be playing the long game, balancing scale, efficiency, and investor confidence.
So far, Zepto’s leadership has stayed quiet, Aadit Palicha hasn’t commented on the FY25 numbers or the ongoing funding talks. But the numbers speak loud enough.
With disciplined growth, healthier unit metrics, and a pipeline of capital, Zepto looks IPO-ready, or at least IPO-bound. In the war for quick commerce supremacy, it’s not just about how fast you grow, it’s about how well you can sustain the sprint.
