India-based quick commerce unicorn Zepto recorded a 150% revenue growth in FY25, reaching ₹11,110 crore. The company is now focused on breaking even on EBITDA ahead of a potential 2026 IPO.
Quick commerce startup Zepto has reported a staggering 150% increase in its revenue, reaching ₹11,110 crore (approximately $1.3 billion) in the financial year ending March 2025, according to recent regulatory disclosures. This is a significant leap from its FY24 turnover of ₹4,454 crore, underscoring the company’s aggressive growth trajectory and operational refinement.
The sharp revenue jump aligns with Zepto’s strategic focus on disciplined expansion, supply chain optimization, and improved unit economics. The Mumbai-headquartered company, which operates in the fast-paced 10-minute delivery space, halved its losses year-over-year while substantially boosting operational efficiency. In FY24, Zepto posted a loss of ₹1,248 crore—spending ₹1.29 to earn every ₹1. That figure has seen marked improvement in FY25 due to stronger fill rates, better contribution margins, and economies of scale.
While Zepto’s topline performance has been robust, it is reportedly also preparing for the next phase of capital infusion. The company is in advanced discussions to raise $500 million at a potential valuation of $7 billion, up from its last valuation of $5 billion following a $350 million raise in November 2024. This funding round is expected to extend Zepto’s cash runway ahead of its proposed Initial Public Offering (IPO) in 2026.
Also Read: From Delivery App to Economic Icons: Zepto’s Founders Inspire a Generation
Experts suggest that Zepto’s push toward EBITDA break-even in the next 12–15 months will play a critical role in shaping investor sentiment ahead of the IPO. If successful, it would place the company among the first quick commerce firms in India to turn operationally profitable while maintaining high growth.
Though competitors in the space have reported higher order volumes, direct financial comparisons remain opaque due to differing accounting practices and business structures across platforms. Nevertheless, Zepto’s internal improvements and capital planning reflect increasing financial discipline uncommon in the early growth stages of many startups.
As India’s retail and e-commerce sectors continue evolving, Zepto’s performance is being closely watched as a bellwether for the sustainability and scalability of the quick commerce model in one of the world’s fastest-growing consumer markets.
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