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Zepto | The 10-minute delivery quick commerce player whose revenue doubled in FY2026

2026.09.19

Article summary

Zepto is a quick commerce operator that started service in 2021 (the operating company was established in December 2020 as Kiranakart Technologies and renamed in April 2025). Its co-founders are Aadit Palicha and Kaivalya Vohra. Operating revenue for FY2026 (fiscal year ended March 2026) was ₹22,623.58 crore (1 crore = 10 million rupees), double the year before, with a net loss of ₹5,905.19 crore. Cumulative funding is about 2.45 billion dollars, and it filed for an IPO through the confidential route in December 2025.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Zepto is a quick commerce operator that started in 2021. Operating revenue for FY2026 doubled from the year before, and it has raised more than 2.4 billion dollars in total while preparing for an IPO.

Company profile

Item	Details
Operating company	Established in December 2020 as Kiranakart Technologies Private Limited, renamed Zepto in April 2025
Service launch	2021
Headquarters	Bengaluru (Karnataka)
Co-founders	Aadit Palicha, Kaivalya Vohra
Revenue (operating revenue)	₹22,623.58 crore (FY2026 = fiscal year ended March 2026 / double the ₹11,109.94 crore of the year before). Net loss was ₹5,905.19 crore
Total funding raised	About 2.45 billion dollars (12 rounds. Most recently October 2025)
Listing	Unlisted. Filed for an IPO through the confidential route in December 2025, and received an observation letter from SEBI in May 2026
Official website	zeptonow.com

Business and strengths

It places dark stores, small warehouses dedicated to delivery, around the city and delivers within a little over ten minutes of an order. Food and daily goods are the core, but the range of items it handles keeps widening.

The two founders dropped out of Stanford University to start the business. The operating company was established in December 2020 as Kiranakart Technologies and changed its name to Zepto in April 2025.

Recent developments

Operating revenue for FY2026 (fiscal year ended March 2026) was ₹22,623.58 crore, double the ₹11,109.94 crore of FY2025. At the same time the net loss widened to ₹5,905.19 crore, from ₹4,699.71 crore the year before. Cumulative funding is about 2.45 billion dollars, with the most recent round in October 2025. It filed for an IPO through the confidential route in December 2025 and received an observation letter from SEBI in May 2026.

Points for Japanese companies

In urban India, how consumer goods sell is starting to be pulled by quick commerce. In categories where small packs and immediacy work, such as confectionery, beverages and seasonings, it has become necessary to secure this channel before conventional retail.