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Zepto’s Revenue Doubles to ₹4,454 Crore in FY24

14 Dec, 2024

Zepto, the quick grocery delivery startup founded by Stanford dropouts Aadit Palicha and Kaivalya Vohra, saw its FY24 revenue more than double to ₹4,454 crore.

Despite flat losses of ₹1,248 crore, total expenses surged by 65% to ₹5,747 crore. Zepto, which became a unicorn in August 2023 with a $1.4 billion valuation, is now targeting a $3 billion annualized sales milestone. With plans to expand its profitable dark stores from 300 to 700 by March 2025, Zepto is reshaping India's e-commerce sector and gearing up for a public listing next year.

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