Zepto's DRHP lays bare quick commerce race as India market eyes $83B by 2030
Zepto's updated IPO filing benchmarks the three-way fight with Blinkit and Instamart: Blinkit's FY26 revenue surged 625% to Rs 37,779 cr versus Zepto's Rs 22,623 cr (+103%) and Instamart's Rs 3,859 cr. But profitability splits the field, with Zepto's EBITDA loss at Rs 5,041 cr against Blinkit's Rs 277 cr.
Zepto's updated DRHP frames India's quick commerce race against Blinkit and Instamart, detailing dark store counts, FY26 revenues, EBITDA losses and a projected $60-83 billion market by 2030 ahead of Zepto's IPO.
Why this matters
Zepto's updated DRHP filing builds on its pre-IPO disclosures exposing the brutal economics of quick commerce, as the trio races to scale India's $83B market.
Retail-company signals are accelerating, up 451600% QoQ.