Zepto revenue growth: Zepto revenue more than doubles in FY24 to Rs 4,454 crore; net loss marginally down

Quick commerce firm Zepto reported operating revenue of Rs 4,454 crore in fiscal 2024, a 120% jump from FY23 in a year that saw rapid growth for the 10-minute grocery delivery space.

The company’s net loss came down marginally to Rs 1,249 crore in FY24 from Rs 1,272 crore in the year ago, according to the financial statements of Zepto’s India-based entity sourced from Tofler.

In a LinkedIn post, Zepto cofounder and chief executive Aadit Palicha said, “We expect to continue this growth momentum with a clear path to PAT (profit after tax) profitability in the near term”.

Zepto is set to launch a standalone app for its 10-minute food delivery service Cafe next week, Palicha said in a social media post on Wednesday.

ET reported on November 19 that Zepto is scaling up its cafe business — offering coffee, croissants, and other items — nationwide, with a goal to achieve an annualised revenue run rate (ARR) of Rs 1,000 crore within the next financial year, as per a company statement.

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