Zepto co-founder and CEO Aadit Palicha revealed on Wednesday that, just three months after announcing its annualised gross order value (GOV) had reached $3 billion (around Rs 24,500 crore), the quick commerce unicorn is now nearing a $4 billion gross order value.
In this timeframe, the company has also cut its earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding employee stock ownership plans (ESOPs), along with its operating cash flow (OCF) burn by 50%.
“Zepto is getting close to $4 billion in annualised GOV, representing nearly 300 per cent year-on-year growth (and close to 30 per cent growth since my last update in January). More importantly, we have reduced EBITDA (excl. ESOPs) and OCF burn by 50 per cent even as we grew meaningfully during the last three months,” Palicha wrote in a social media post.
“We are confident in being within touching distance of Ebitda (excl. ESOPs) and OCF breakeven within a few months (with a large net cash buffer still on the balance sheet),” he added.
Palicha highlighted that similar to the dark stores introduced over the past three years, the company’s newly launched dark stores are also on track to reach EBITDA breakeven.
In his January post, Palicha said: “In April 2024, we shared with Goldman Sachs in a research note that Zepto had crossed $1 billion in annualised GOV. Eight months later, in January 2025, we are at approximately $3 billion in annualised GOV.”
Palicha explained that Zepto’s definition of gross order value encompasses the selling price of fruits and vegetables and other revenue streams like subscription fees and advertisements.
Zepto’s impressive growth trajectory, marked by reaching near $4 billion in annualised gross order value and cutting its operating cash flow burn by 50%, highlights the company’s strong performance and efficient operations. With plans for continued expansion and EBITDA breakeven in its newly launched dark stores, Zepto is positioning itself as a key player in the rapidly growing quick commerce sector.
