India, June 10 -- Earlier this week, Zepto filed its updated draft red herring prospectus (UDRHP) with the market regulator SEBI. The startup intends to raise Rs.8,010 Cr via a fresh issue. The IPO will comprise an offer for sale (OFS) of up to 11.35 Cr shares.

As per its updated draft papers, its net loss climbed to Rs.5,095 Cr in FY26 versus Rs.4,697 Cr in FY25, but operating revenue almost doubled YoY to Rs.22,624 Cr.

On the surface, the numbers tell a tale of prioritising breakneck growth over profitability, but a deeper analysis reveals a more nuanced picture - one that shows that Zepto's operating metrics are moving in the right direction. Several key unit economics indicators have improved over the past year, indicating that the ...