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Table of Contents

  1. Introduction to Zepto Unlisted Shares

  2. What Are Zepto Unlisted Shares?

  3. Zepto Unlisted Shares Today – Key Fundamentals

  4. Zepto Pre-IPO Share Price Explained

  5. About Zepto (Kiranakart Technologies Pvt Ltd)

  6. Business Model and Revenue Drivers

  7. Industry Overview: India’s Quick Commerce Market

  8. Zepto Financial Performance Overview

  9. Balance Sheet Analysis

  10. Shareholding Structure

  11. Strengths of Investing in Zepto Unlisted Shares

  12. Key Risks and Challenges

  13. How to Buy Zepto Shares in the Unlisted Market

  14. Who Should Consider Investing in Zepto Pre-IPO Shares?

  15. Zepto IPO Outlook

  16. FAQs on Zepto Unlisted Shares

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Zepto Unlisted Shares: Price Today, Pre-IPO Valuation & How to Buy

29 December 2025 ·


Understanding Zepto Pre-IPO Shares, Valuation Metrics, and Investment Risks

Introduction to Zepto Unlisted Shares

Zepto unlisted shares have become a topic of growing interest among investors looking for exposure to India’s rapidly expanding quick commerce ecosystem. As one of the fastest-scaling grocery delivery startups in the country, Zepto has attracted significant venture capital and institutional funding, positioning itself as a potential future IPO candidate.

For pre-IPO investors, Zepto represents a high-growth but high-risk opportunity, driven by scale, market penetration, and improving unit economics rather than near-term profitability.

What Are Zepto Unlisted Shares?

Zepto unlisted shares refer to equity shares of Kiranakart Technologies Pvt Ltd, the parent company of Zepto, which are not yet listed on a stock exchange. These shares are traded privately through intermediaries such as unlisted share platforms and brokers.

Investing in unlisted shares typically involves:

  • Lower liquidity

  • Limited price transparency

  • Higher risk compared to listed stocks

  • Potential upside if the company lists at a higher valuation

Zepto Unlisted Shares Today – Key Fundamentals

ParameterDetails
ISININE143401029
Face Value₹5
Book Value₹674
EPS-1309
P/E Ratio0
P/B Ratio0
Debt to Equity0

Zepto Pre-IPO Share Price Explained

The Zepto pre-IPO share price is not determined by traditional market mechanisms. Instead, it reflects:

  • Latest funding round valuation

  • Secondary transaction demand

  • Company growth trajectory

  • IPO probability and timing

Because Zepto is still in an aggressive expansion phase, valuation is largely based on future growth expectations rather than profitability metrics.

About Zepto (Kiranakart Technologies Pvt Ltd)

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is an Indian quick commerce company offering 10–15 minute delivery of groceries and daily essentials. Headquartered in Mumbai, the company operates across 50+ Indian cities.

Zepto’s offerings include:

  • Groceries and daily essentials

  • Electronics and accessories

  • Café and ready-to-eat items

The company has scaled rapidly, becoming one of the top three players in India’s quick commerce market.

Business Model and Revenue Drivers

Zepto operates on a dark store–based fulfillment model, where strategically located micro-warehouses enable ultra-fast delivery.

Key revenue drivers include:

  • High order frequency

  • Expansion of dark stores

  • Private label products

Improved contribution margins per order

While operating expenses remain high, Zepto has reported profitable dark stores, indicating improving unit economics.

Industry Overview: India’s Quick Commerce Market

India’s quick commerce market is projected to reach $57 billion by 2030, driven by:

  • Urbanization and convenience demand

  • Rising disposable incomes

  • Smartphone penetration

  • Changing consumer habits

Market share snapshot:

  • Blinkit: ~52%

  • Swiggy Instamart: ~25%

  • Zepto: ~23%

This positions Zepto as a strong challenger with meaningful scale.

Zepto Financial Performance Overview

ParticularsFY2024FY2023FY2022
Revenue from Operations4,454.522,025.70140.71
Operating Expenses5,569.373,239.44511.67
Operating Profit-1,114.90-1,213.70-371.00
Profit After Tax-1,248.60-1,272.50-390.40

Balance Sheet Analysis

ParticularsFY2024FY2023FY2022
Total Assets1,932.501,477.50638.53
Total Equity643.00646.10335.70
Total Borrowings163.63120.930.00
Cash & Cash Equivalents692.39630.73183.21

Shareholding Structure

ShareholderHolding
KIRANAKART PTE LTD100%

Strengths of Investing in Zepto Unlisted Shares

  • Strong brand recall in urban markets

  • Rapid scale in daily orders and users

  • Large addressable market opportunity

  • Strategic timing ahead of potential IPO

  • Backing from global institutional investors

Zepto reportedly raised $400 million in a funding round led by CalPERS, strengthening its balance sheet.

Key Risks and Challenges

  • High cash burn and capital intensity

  • Fierce competition from Blinkit and Swiggy

  • Dependence on dense urban clusters

  • Valuation sensitivity to funding cycles

  • IPO timeline uncertainty

These risks make Zepto unlisted shares suitable primarily for high-risk investors.

How to Buy Zepto Shares in the Unlisted Market

If you are exploring how to buy Zepto shares, the typical process includes:

  • Identifying a reliable unlisted share intermediary

  • Checking availability and negotiated price

  • Completing KYC and documentation

  • Executing off-market transfer

  • Shares credited to your demat account

Liquidity may be limited, and exit opportunities usually arise during IPO or secondary transactions.

Who Should Consider Investing in Zepto Pre-IPO Shares?

Zepto unlisted shares may be suitable for investors who:

  • Understand startup-stage risk

  • Have a long-term investment horizon

  • Seek exposure to consumer tech and logistics

  • Can tolerate valuation volatility

Conservative investors may prefer listed alternatives in FMCG or logistics sectors.

Zepto IPO Outlook

While reports suggest that Zepto IPO plans may be deferred to 2026, the company appears focused on:

  • Improving unit economics

  • Expanding city coverage

  • Strengthening brand and operations

An eventual IPO could provide liquidity for early investors, but timing remains uncertain.

FAQs on Zepto Unlisted Shares

What are Zepto unlisted shares today?

They are privately traded shares of Kiranakart Technologies Pvt Ltd, not listed on stock exchanges.

How to buy Zepto shares in India?

They can be purchased through unlisted share platforms via off-market transactions.

What is Zepto pre-IPO share price?

The price varies by intermediary and is influenced by funding rounds and market demand.

Is Zepto profitable?

No, Zepto is currently loss-making but shows strong revenue growth.

Is investing in Zepto unlisted shares risky?

Yes, due to high competition, cash burn, and IPO uncertainty.

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