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Zepto's Revenue Soars 120%, Losses Narrow in FY24

  • Zepto's FY24 revenue surged 120% to ₹4,454 crore, with net losses reducing to ₹1,249 crore from ₹1,272 crore in FY23.
  • CEO Aadit Palicha highlighted the company's path to profitability and plans to launch a standalone app for its Cafe service next week.
  • Zepto aims for ₹1,000 crore ARR from its Cafe business, offering coffee and croissants, by next financial year.

Source: Economic Times

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Indian Startups
by ZestyQuokkaConsultant

Too much money too soon, where have we seen that?

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?

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Silent founders operating from GCC 😊