Zepto nears $4 billion annualised GOV, halves OCF burn rate

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Zepto‘s CEO Aadit Palicha on Wednedsay shared that the company’s annualised gross order value (GOV) is approaching $4 billion.

In a LinkedIn post, Palicha said, “Zepto is getting close to $4B in Annualized GOV, which represents ~300% year-on-year growth (and ~30% growth since my last update in January).”

He went on to explain that the company’s definition of GOV has the selling price of fruits and vegetables, along with other sources of income like subscription fees and ads.


Palicha also revealed that the quick commerce firm has successfully…



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Zepto nears $4 billion annualised GOV, halves OCF burn rate


Zepto‘s CEO Aadit Palicha on Wednedsay shared that the company’s annualised gross order value (GOV) is approaching $4 billion.

In a LinkedIn post, Palicha said, “Zepto is getting close to $4B in Annualized GOV, which represents ~300% year-on-year growth (and ~30% growth since my last update in January).”

He went on to explain that the company’s definition of GOV has the selling price of fruits and vegetables, along with other sources of income like subscription fees and ads.


Palicha also revealed that the quick commerce firm has successfully…



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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