Blinkit leads revenue and margins as Zepto eyes IPO in India's $83B quick commerce race
Blinkit tops FY26 revenue at Rs 37,779cr (+625%) with the smallest EBITDA loss (Rs 277cr), while Zepto posts Rs 22,623cr revenue but a Rs 5,041cr loss. Zepto leads on store productivity (2,140 orders/day). Market projected to reach $60-83B by 2030 from $11.3B GMV in 2025.
Comparison of India's three quick commerce players ahead of Zepto's IPO. Blinkit leads on revenue (Rs 37,779cr) and profitability (smallest loss), while Zepto shows higher store productivity but larger EBITDA losses. Market projected to hit $60-83B by 2030.
Why this matters
Zepto's weaker margins surface as it files an updated DRHP for its IPO, racing Blinkit and Instamart to scale India's $83B quick commerce market.
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