Zepto Share Price in 2026: Pre-IPO Buzz?

Zepto, India’s hyper-growth quick-commerce unicorn, commands a $7 billion valuation in early 2026 amid aggressive IPO preparations. As unlisted shares trade actively and public listing looms, savvy investors eye entry points in this high-stakes sectors. 

Zepto’s Meteoric Rise 

Founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra, Zepto disrupted grocery delivery with 10-minute promises, scaling to 1.7 million daily orders. Revenue exploded 149% to ₹11,110 crore in FY25 from ₹4,454 crore prior, fueled by dark store expansion and product diversification beyond groceries. 
 
Yet, losses persist at scale, FY25 net loss widened amid competition, highlighting the capital-intensive path to profitability. 

Current Valuation and Unlisted Share Dynamics 

Zepto’s post-money valuation hit $7 billion after a $450 million raise led by CalPERS in late 2025, up 40% from $5 billion, with $900 million net cash bolstering runway. Unlisted shares trade at ₹40-50 or up to ₹2,750 per share on platforms like Ritscapital and IPO Central, reflecting pre-IPO premium but illiquidity risks.  
 
Prices fluctuate with private transactions; recent estimates peg market cap alignment to $5-7 billion fully diluted.​ 

Read More: Is Zepto $7-8B Valuation Justified? DCF vs. Peer Multiples Study 

IPO Timeline: 2026 Spotlight 

Board-approved ₹11,000 crore IPO via confidential DRHP filing targets July-September 2026 listing, managed by Morgan Stanley, Goldman Sachs, and others. Structure blends fresh issue and OFS; domicile shifted to India, domestic ownership rising to 40% for SEBI compliance. 
 
Expected price band exceeds ₹2,750/share, drawing Zomato-Blinkit parallels but scrutiny on unit economics. (As per sources) ​ 

Financial Health: Growth vs. Profitability 

FY25 sales hit ₹9,669-11,110 crore (129-149% YoY), with GOV at $3 billion annualized, but EBITDA negative and losses at ₹1,248-3,367 crore signal burn. Store-level profitability improves—8-month breakeven vs. 23 prior—yet sector cash burn peaks at $60-70 million monthly. Path to PAT positive hinges on 50-city expansion, Cafe margins, and 45,000+ SKUs.  

Competitive Landscape 

Quick-commerce duels intensify: Blinkit (44-46% share, Zomato-backed), Zepto (29-30%), Instamart (23-25%, Swiggy). Zepto trails leader Blinkit in GOV but leads aggression; Swiggy leverages food ecosystem. Market to triple to ₹1.92 lakh crore by 2028; Zepto’s edge: hyper-local execution, investor war chest.  

Competitor	Market Share	FY25 Revenue (₹ Cr)	Valuation	Key Strength
Blinkit (Zomato)	44-46%	Part of Zomato’s growth	Public (Zomato ~$25B)	Scale, listings
Zepto	29-30%	11,110	$7B	Speed, funding
Instamart (Swiggy)	23-25%	Swiggy-integrated	Swiggy public	User base

Read More: Can Zepto Take on Blinkit and Swiggy in the Grocery Delivery Space? 

Investment Risks and Opportunities 

Opportunities: Unlisted entry at discounts to IPO; post-listing upside if profitability hits (analysts eye 2-3x from $7B on 2028 TAM).Sector tailwinds from urban demand, 20% order growth.  

Risks: High burn, competition erodes margins; regulatory hurdles, valuation compression if losses mount. Illiquid unlisted trades demand due diligence; IPO delay possible per market volatility.  

Investor Strategies for Zepto Exposure 

• Unlisted Plays: Buy via platforms at ₹40-2,750; monitor transactions for liquidity events.  

• IPO Prep: Allocate 5-10% portfolio; target retail quota post-DRHP.  

• Peers: Accumulate Zomato/Swiggy for proxy exposure.  

• Horizon: 3-5 years for profitability inflection; diversify with 20% quick-commerce cap.  

At RITS Capital, our experts track unlisted gems like Zepto with real-time analysis and tailored portfolios.  
 
Ready to secure your stake in 2026’s hottest IPOs? Book a free consultation today and let’s build your wealth trajectory! Call – +91 9911090800 now! 

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FAQs:  

1. What is Zepto’s current valuation in 2026?  

$7 billion post-$450M raise.  

2. What is the unlisted share price of Zepto?  

Ranges ₹40-50 to ₹2,750 based on platforms; volatile.  

3. When is Zepto’s IPO expected?  
   H2 2026 (July-Sep), ₹11,000 crore raise.  

4. What was Zepto’s FY25 revenue? 
   ₹11,110 crore, up 149% YoY.  

5. Is Zepto profitable?  
   No, losses widened but store-level improving; PAT positive targeted soon.  

6. How does Zepto compare to Blinkit?  
   Zepto 29-30% share vs. Blinkit’s 44-46%; aggressive scaler.  

7. Can retail investors buy Zepto unlisted shares? 
   Yes, via platforms like UnlistedZone; high risk.  

8. What is Zepto’s expected IPO price band? 
   Above ₹2,750/share.  

9. What risks face Zepto investors? 

Competition, cash burn, delayed profitability.  

10. How to invest in Zepto pre-IPO?  
    Unlisted markets or await IPO; consult advisors.