CosmicTaco
CosmicTaco

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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8d ago
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Zepto Cafe to Launch as Separate App

  • Zepto Cafe, a division of Zepto, will launch as a separate app next week, per co-founder Aadit Palicha.
  • Rapid scaling of Zepto Cafe: 100+ cafes monthly, 30K+ orders/day, ARR GMV of Rs 160 crore.
  • Expansion plans: 120+ cafes in major...
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1.9K
Indian Startups

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 😊