Quick commerce major Zepto has reduced cash burn and is nearing $4 Bn in annualised gross order value (GOV), cofounder and chief executive Aadit Palicha has claimed.
“Zepto is getting close to $4B in annualised GOV, which represents around 300% year-on-year growth, and about 30% growth since my last update in January,” Palicha said in a LinkedIn post.
“We have reduced EBITDA (excluding ESOPs) and operating cash flow (OCF) burn by 50% even as we grew meaningfully during the last three months,” he added.
Earlier in January, Palicha said, “In April 2024, we shared with Goldman Sachs in a research note that Zepto had crossed $1 Bn in annualised GOV. Eight months later, in January, we are approximately at $3 Bn in annualised GOV.”
The startup’s newly launched dark stores are also on the track to achieve breakeven in EBITDA.
Zepto doubled its dark store count to 700 in 2024.
In February, the company expanded its presence in Tamil Nadu by launching more than 20 dark stores across several districts, including Coimbatore, Tiruchirappalli, Madurai, Vellore and Salem.
Meanwhile, its competitors have been investing heavily towards expansion of their dark stores across the country, where Blinkit added 216 new locations in Q3 FY25, with its ambitious plan to reach 2,000 stores by December 2025, and Swiggy Instamart added 96 new dark stores in Q3 FY25.
(The story will be updated soon)
The post Zepto Reduced Cash Burn, Nearing $4 Bn Annualised GOV, Claims Aadit Palicha appeared first on Inc42 Media.
