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Zepto's FY24 revenue doubles to ₹4,454 crore
Mint Mumbai
|December 14, 2024
Quick grocery delivery startup Zepto saw its operating revenue more than double year-on-year to ₹4,454 crore in the financial year ended March 2024—its first year as a unicorn—highlighting the intensifying competition in the quick commerce space.
The Bengaluru-based firm's loss for the period remained flat at ₹1,248 crore, against ₹1,272 crore in the year-ago period, weighed by a nearly 65% increase in its total expenses at ₹5,747 crore, according to filings made with the ministry of corporate affairs accessed by business intelligence platform Tofler.
This story is from the December 14, 2024 edition of Mint Mumbai.
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