Zepto, Blinkit, Instamart battle to scale India's $83 billion quick commerce market
As Zepto files an updated DRHP, the trio's numbers reveal Blinkit leading with Rs 37,779 crore revenue (up 625%) and 2,243 dark stores. Zepto follows at Rs 22,623 crore but carries a Rs 5,041 crore EBITDA loss. Instamart trails at Rs 3,859 crore. India's q-comm GMV hit $11.3 billion in 2025, projected to reach $83 billion by 2030.
Comparative analysis of India's quick commerce race between Zepto, Blinkit and Instamart as Zepto files updated DRHP, detailing revenue, dark store networks, order productivity and mounting EBITDA losses in an $83 billion market by 2030.
Why this matters
Zepto's updated DRHP filing exposes the full quick commerce race, echoing recent signals detailing India's $83B market ambitions by 2030 and Zepto's growing profile among top India startups.
Retail-company signals accelerating at +455700% QoQ.