Unlisted Shares

Fastest Growing Quick Commerce business: Zepto is rapidly becoming one of India's leading quick commerce businesses. In just three years since its inception, the company has captured a significant 28% share of the quick commerce market in India.

Fastest Delivery: The company guarantees grocery delivery within 10 minutes to its customers. However, it typically delivers products in less than 9 minutes on average, solidifying its position as one of the swiftest grocery delivery apps available.

Diversified Product Portfolio: The company provides a diverse range of products on its platform, offering over 7000 items across more than 20 categories. From fresh produce like fruits and vegetables to electronics, customers have ample options to select from.

Investment Thesis: The stock is priced at Rs.2750 per share, with a Price-to-Sales (P/S) ratio of 1.4x. Quick commerce companies typically have a P/S ratio of around 1.0x. Since Zepto is currently not making profits, we recommend a neutral stance on this stock. Once the company starts making profits, a P/S ratio ranging from 1.0x to 1.5x would be considered appropriate.