Zepto, the quick-commerce platform co-founded by Aadit Palicha, has hit a major milestone, achieving $3 billion in annualized gross order value (GOV). Sharing the news on X (formerly Twitter), Palicha highlighted the rapid growth of the Mumbai-based company, which saw its revenue more than double in FY24, reaching ₹4,454 crore compared to ₹2,025 crore in the previous fiscal year.
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“In April 2024, we shared with Goldman Sachs that Zepto had crossed $1 billion in annualized GOV. Just eight months later, in January 2025, we’ve reached approximately $3 billion (₹24,500 crore),” Palicha said in his post.
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Zepto’s growth trajectory has been remarkable, climbing from $550 million in GOV back in January 2023 to its current figure. As the company eyes an IPO, it has also made strides in reducing its losses. According to Tofler, Zepto’s losses for FY24 stood at ₹1,248.6 crore, slightly lower than the ₹1,272.4 crore reported the previous year.
Palicha credited the milestone to the dedication and discipline of the Zepto team. “This achievement is a testament to the execution and rigour of a phenomenal team that I’m fortunate to be a part of. With this momentum, I’m confident we’re on track for PAT profitability in the near future,” he wrote.
