At first glance, Zepto’s IPO filing reads like a victory lap. 

The pure-play quick-commerce challenger, not yet six years old, has sprinted to the very edge of Swiggy’s total income, reporting over Rs 23,000 crore ($ 2.7 billion) in FY26 against the food delivery giant’s almost Rs 23,600 crore ($2.8 billion) during the same period. 

Its co-founder Aadit Palicha is slated to become the youngest CEO of a listed company, and Zepto itself would be among the youngest startups ever to attempt a mainboard IPO.

The trailblazer of the 10-minute delivery........

© The Ken