COMPANY INTELLIGENCE PROFILE
Zepto Limited
Zepto (registered as Zepto Limited, originally incorporated as Kiranakart Technologies Private Limited) is an Indian quick-commerce startup delivering groceries and essentials in minutes via a dark-store network.
Zepto Limited, formerly Kiranakart Technologies Private Limited, is an Indian quick-commerce startup delivering groceries and essentials within minutes through a network of dark stores. Founded in 2021 by Aadit Palicha and Kaivalya Vohra, the company has undergone major fundraising rounds, with its valuation reaching $7B in 2025. Zepto is expanding its product lines, including Zepto Cafe and Zepto Mobiles/Electronics, with ongoing legal and financial challenges.
AI-generated, may contain errors.
Business Overview
- Zepto, originally launched as KiranaKart in 2021 by then-19-year-old Stanford dropouts Aadit Palicha and Kaivalya Vohra, is an Indian quick-commerce company that delivers groceries and daily essentials from a network of dark stores, positioned around 10-minute delivery.
- The registered entity's CIN history — Kiranakart Technologies Private Limited → Zepto Private Limited → Zepto Limited — tracks the company's rebrand and its 2025 conversion to a public limited company as part of a reported Singapore-to-India domicile flip ahead of a planned IPO.
- Product lines beyond core grocery include Zepto Cafe, quick-commerce food/beverage, and Zepto Mobiles/Electronics
- B2B/wholesale distribution is run through subsidiary Kiranakart Wholesale Private Limited., Public reporting + Tofler/TheCompanyCheck registry data
Sector & Classification
E-commerce / online grocery quick-commerce platform; secondary activity codes for wholesale trading and warehousing & storage (descriptive activity confirmed by Tofler and TheCompanyCheck; exact numeric NIC code not obtained)
Directors & Key Management
Board (names confirmed by two independent sources — Tofler, Falconebiz-style Tofler re-fetch): Aadit Kavit Palicha (CEO; DIN 10904332 — single-source, partial), Kaivalya Vohra (Whole-Time Director/CTO; DIN 09298721 — single-source, partial), Ramesh Bafna (Whole-Time Director/CFO; DIN not obtained), Akhil Kumar Gupta (Director; DIN 00028728 — single-source, partial), Paul Joseph Hudson (Nominee Director; DIN not obtained), Anulakshmi Hariharan (Director; DIN not obtained). Samad Iqbal Shariff is listed as Company Secretary (not a board director).
GST Registrations
PAN AAICK4821A confirmed (Tofler, x2). Primary GSTIN could not be retrieved in this session — attempts on Tofler's GST subpage, TheCompanyCheck's GST subpage, Mastersindia and KnowYourGST all returned no data (404/no-content). Home state is presumptively Maharashtra (registered office state) but this is inferred, not confirmed from a GST record. #registrations and GSTIN status: not obtained.
Financials
Kiranakart Technologies Private Limited is experiencing high growth, with reported FY2023-24 revenues of ₹4,134.1 crore, a 104.22% YoY increase, according to Tofler. However, conflicting figures exist, with TheCompanyCheck noting FY2024 revenue at ₹4,498.57 crore, a 117% YoY jump. Financial challenges continue, as the company reports significant net losses and negative ROE.
AI-generated, may contain errors.
| Conflicting figures between sources for essentially the same recent fiscal year — flagged as a source conflict, standalone entity-level (MCA/RoC) filings in both cases: | |
| Tofler (FY2023-24) | Revenue ₹4,134.1 Cr (+104.22% YoY), EBITDA ₹−1,110.9 Cr, Net Loss (PAT) ₹−1,244.6 Cr, Net Worth ₹647.7 Cr, Total Assets ₹1,901.2 Cr, Gross Margin 23.2%, ROE −192.2%. |
| TheCompanyCheck (FY2024) | Revenue ₹4,498.57 Cr (+117% YoY); EBITDA/PAT locked behind premium access. |
| Wikipedia, secondary, unverified against a primary filing in this session — FY2025: Revenue ₹9,366 Cr (~$970M), Net loss ₹−3,367 Cr (~−$350M) — consistent with continued high-growth trajectory but not corroborated by a registry source here. | |
| Overall status | partial / conflicting. |
Funding History
| Sourced only from Wikipedia, secondary source; NOT cross-verified against Tracxn/Entrackr/Inc42 in this session — those fetches returned no usable detail, — treat as partial confidence: Pre-Seed (Jan 2021) $730K at $2.5M valuation | |
| Series A (Oct | 2021) $60M at $225M |
| Series C (Dec | 2021) $100M at $570M |
| Series D (May | 2022) $200M at $900M |
| Series E (Aug | 2023) $200M at $1.4B (unicorn status) |
| Series F (Jun | 2024) $665M at $3.6B |
| Follow-on (Aug | 2024) $340M at $5B |
| Further round (Oct | 2025) $450M at $7B. No independent primary-source (filing/Tracxn) confirmation obtained this session. |
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| ICICI Bank | ₹200 Cr | HSBC ₹160 Cr |
| Standard Chartered | ₹120 Cr | HDFC Bank ₹50 Cr |
| Kotak Mahindra | ₹40 Cr | |
| HSBC | ₹160 Cr | Axis Bank ₹150 Cr |
| Standard Chartered | ₹120 Cr | charge registered May 2025 |
| HDFC Bank | ₹50 Cr | |
| HSBC | ₹160 Cr | |
| Standard Chartered | ₹120 Cr |
- Two sources conflict on charge details, both from RoC charge filings, snapshot dates differ:
- Tofler, ~Aug 2025 snapshot: Total borrowings ₹163.6 Cr
- Debt-to-Equity 0.2.
- TheCompanyCheck (later snapshot): Total open charges ₹830.01 Cr, satisfied charges ₹202.81 Cr
- Lenders — "Others" ₹350 Cr, charge registered Mar 2026
- amounts agree across both sources — treated as confirmed
- ICICI/Kotak vs. Axis/"Others" entries conflict and are unresolved. Overall: partial.
Credit Ratings
- None found. No CRISIL, ICRA, or CARE rating for Zepto Limited / Zepto Private Limited / Kiranakart Technologies Private Limited was located
- A direct CARE Ratings query returned no result.
Legal & Compliance
- Three case threads found on Indian Kanoon under "Kiranakart Technologies Private Limited", confirmed via search of indiankanoon.org:
- 1. Kiranakart Technologies Pvt Ltd vs Mohammad Arshad & Anr — trademark/IP dispute, Delhi High Court, Comm.IPD-TM 62/2024, + IA 29531/2024, IA 40361/2024
- Hearings 17 May 2024, J. Sanjeev Narula, 25 Sep 2024 and 3 Mar 2025 (J. Amit Bansal).
- 2. Kiranakart Technologies Pvt Ltd vs Deputy Commissioner of Income Tax, TDS Circle — Writ Petition (Lodging) No. 18776 of 2024, Bombay High Court, 22 Jul 2024, J. G.S. Kulkarni, — tax dispute.
- 3. Kiranakart Technologies Pvt Ltd vs Stellar Value Chain Solutions Private Limited — Arbitration Application (L) No. 9344 of 2023, Bombay High Court, J. Bharati Dangre, multiple hearings across 2023–2024 — commercial/logistics arbitration.
- No cases found under the "Zepto" name variants in the same search.
Competitive Landscape
- Blinkit, Eternal/Zomato-owned; comparable-to-larger scale, market co-leader, Swiggy Instamart, Swiggy-owned; comparable-to-larger scale, market co-leader, BigBasket "BB Now", Tata-owned; large conglomerate-backed, scaling up, Flipkart Minutes, Flipkart/Walmart-owned; large conglomerate-backed, scaling up, Amazon Now, Amazon India; large conglomerate-backed, scaling up.
- All are direct quick-commerce grocery-delivery peers in the Indian market.
Frequently Asked Questions
What does Zepto do?
Zepto, registered as Zepto Limited and originally incorporated as Kiranakart Technologies Private Limited, is an Indian quick-commerce startup delivering groceries and essentials in minutes via a dark-store network.
What is the Corporate Identification Number (CIN) for Zepto?
The CIN for Zepto is U72900MH2020PTC351339.
When was Zepto incorporated?
Zepto was incorporated on 05 December 2020.
Where is the registered office of Zepto located?
The registered office of Zepto is located at Hiranandani Lighthall, A Wing, 6th Floor, Saki Vihar Road, Andheri East, Mumbai, Maharashtra to 400072.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.