Zepto is racing ahead at breakneck speed. The quick commerce player, co-founded by Aadit Palicha, is now approaching a massive $4 billion in annualised gross order value (GOV)—just three months after it hit the $3 billion mark.
In a recent LinkedIn update, Palicha shared that the company has not only scaled rapidly but also tightened its belt. Zepto has managed to cut its EBITDA and operating cash flow (OCF) losses by 50%, and says it’s just months away from turning the corner on both.
“We’re inching closer to $4 billion in annualised GOV, marking a 300% year-on-year jump and 30% growth since January,” Palicha wrote. “We’re also nearing break-even on both EBITDA (excluding ESOPs) and OCF, and our balance sheet still has a comfortable cash cushion.”
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Zepto’s dark store network—key to its 10-minute delivery promise—is also performing well. New outlets are moving toward profitability in line with earlier store rollouts, which saw steady improvements over time.
The company calculates GOV using the selling price of items like fruits and vegetables, and also includes income from subscription fees and advertising.
On the Road to Public Markets
As Zepto gears up for a potential IPO, its financials are showing signs of maturity. The company posted revenue of Rs 4,454 crore for FY24—more than double the Rs 2,025 crore it reported in FY23. At the same time, it shaved its annual loss down slightly to Rs 1,248.6 crore from Rs 1,272.4 crore the previous year, according to filings accessed via Tofler.
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The quick commerce market remains fiercely competitive, but Zepto’s momentum suggests it’s not just playing for speed—it’s chasing scale with financial discipline.
