Zepto Is Nearing $4 Bn Annualised GOV: CEO Aadit Palicha

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SUMMARY

Zepto is getting close to $4 Bn in annualised GOV, which represents around 300% year-on-year growth

This is about 30% growth since his last update of $3 Bn in January

Palicha also claimed that the startup’s newly launched dark stores are also on the track to achieve breakeven in EBITDA

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 $4Bn in annualised GOV, which…



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Zepto Is Nearing $4 Bn Annualised GOV: CEO Aadit Palicha


SUMMARY

Zepto is getting close to $4 Bn in annualised GOV, which represents around 300% year-on-year growth

This is about 30% growth since his last update of $3 Bn in January

Palicha also claimed that the startup’s newly launched dark stores are also on the track to achieve breakeven in EBITDA

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 $4Bn in annualised GOV, which…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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