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Zepto's revenue doubled to Rs 4,454 crore in FY24, despite reporting a net loss of Rs 1,248.6 crore.
Zepto, a quick commerce company, saw its revenue double to Rs 4,454 crore in FY24, marking a 120% increase from the previous year.
Despite this growth, the company reported a net loss of Rs 1,248.6 crore, a slight decrease from the prior year.
Zepto's CEO, Aadit Palicha, noted an improved loss as a percentage of revenue, down from -63% to -28%.
The company aims for profitability and plans to expand to over 50 cities.
Zepto has raised over $1.3 billion in funding, securing a valuation of $5 billion.
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Los ingresos de Zepto se duplicaron a Rs 4.454 crore en el año fiscal 24, a pesar de reportar una pérdida neta de Rs 1.248.6 crore.