Zepto to File DRHP With SEBI Today, But How Does It Stack Up Against Blinkit and Instamart?

As per news reports, Bengaluru-based quick commerce platform Zepto will file its DRHP with SEBI today, moving closer to its 2026 IPO. The proposed IPO size is estimated at around ₹11,000 crore. This step positions Zepto alongside established players in India’s quick commerce market, including Zomato-owned Blinkit and Swiggy’s Instamart.

What is the Current Cash Strength of Swiggy, Zomato, and Zepto?

Quick commerce companies have been aggressively raising funds in recent months. Swiggy raised nearly ₹10,000 crore via a Qualified Institutional Placement (QIP), while Zepto secured about ₹3,760 crore in October from a US pension fund.

Currently, Zomato holds around ₹18,400 crore in cash, Swiggy about ₹17,000 crore, and Zepto ₹7,900 crore. Zepto’s valuation is estimated at ₹62,930 crore, while Zomato and Swiggy stand at roughly ₹2.7 lakh crore and ₹1 lakh crore, respectively.

Who Leads India’s Quick Commerce Industry? 

Expansion of dark stores is a major growth driver. Blinkit leads with around 1,816 stores, Instamart has about 1,102, and Zepto operates between 750 and 1,000 stores.

In terms of market share, Blinkit holds 49% of the quick commerce market, while Zepto and Instamart each account for roughly 29%. The recent fundraising is expected to support dark store expansion and strengthen delivery infrastructure.

Profitability and Losses

Most quick commerce companies remain loss-making due to high investment costs. Zepto has posted losses of around ₹3,360 crore, while Instamart’s losses are about ₹3,000 crore. Blinkit is now EBITDA-positive, and Zomato has reported a profit of ₹527 crore.

Investor interest in Zepto’s IPO will depend on valuations and the company’s growth prospects.

Read more: Ather Energy to Raise Scooter Prices by Up to ₹3,000 From January 1, 2026.

Conclusion

Zepto filing its DRHP today marks a significant milestone for the company and the Indian quick commerce sector. While Blinkit continues to lead in stores and market share, Zepto is steadily expanding and preparing for its IPO. The sector is growing rapidly, driven by rising consumer demand for faster delivery and evolving shopping habits, making it an important space for investors to watch.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.