Zepto reported a narrowed loss of Rs 1,539 crore in the fourth quarter, while its revenue surged 75% to Rs 7,498 crore, according to the company’s latest financials. The startup’s improved performance comes ahead of its planned initial public offering (IPO), signaling stronger operational metrics in a challenging market environment.
The revenue jump was driven by increased order volumes and better cost management, which helped reduce the quarterly loss from previous periods. Founders Aadit Palicha and Kaivalya Vohra are set to retain their full stake in the company, while Nexus Ventures will be the largest seller in the offer for sale (OFS) portion of the IPO, as reported by thehindubusinessline.com.
Zepto’s financial results highlight the growing traction in the quick-commerce sector, where rapid delivery and convenience are key competitive factors. The company’s ability to cut losses while expanding revenue contrasts with other startups in the space that continue to burn cash at higher rates. The IPO is expected to provide liquidity to early investors and support Zepto’s expansion plans amid intensifying competition.
The Enforcement Directorate has summoned Zepto’s founders in relation to a FEMA inquiry, seeking details on shareholding and business operations, according to economictimes.indiatimes.com. The IPO filing and regulatory scrutiny mark critical milestones as Zepto prepares for its market debut.