Zepto closes scale gap with Blinkit, overtakes Instamart in Q4 — but burns more cash than both

Zepto's Q4 FY25 net revenue jumped 73% YoY to Rs 8,134 cr, up 28% QoQ from Rs 6,336 cr, per its UDRHP. The startup leapfrogged Swiggy Instamart on order volume and narrowed Blinkit's lead, but adjusted EBITDA loss of Rs 1,248 cr dwarfs Instamart's Rs 858 cr loss and Blinkit's Rs 37 cr profit.

— Filed Thu, 25 Jun, 2026, 01:52 IST · Source Moneycontrol · Results · Updated

Zepto's Q4 NRV jumped 73% YoY to Rs 8,134 cr per its UDRHP, overtaking Instamart on order volume and closing on Blinkit, but its Rs 1,248 cr adjusted EBITDA loss trails both rivals.

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