Zepto Pvt Ltd, India’s fast-growing quick commerce platform, reported ₹11,109.9 crore in revenue in the fiscal year ending March 2025 (FY25), up 149% from ₹4,454.5 crore in FY24 and ₹2,024.4 crore in FY23
Key Metrics & Context
- This revenue marks a 2.5× increase year-over-year, driven by higher order volume, SKU expansion, and premium customer engagement
- Zepto’s annualized Gross Order Value (GOV) reached approximately $4 billion (₹24,500 crore) by April–May 2025, growing 300% YoY
- According to Business Standard, GOV hit $3 billion in early 2025, indicating rapid execution and market traction
📈 Growth Drivers & Financial Improvements
- The company dramatically expanded its dark store network and SKU offerings (from ~6,000 to over 14,000 SKUs). Its average order value (AOV) rose to ₹540–550 from ₹450 within 8 months
- Zepto reduced its EBITDA and operating cash flow (OCF) burn by ~50%, while several dark stores began pushing toward individual profitability
🚀 Funding & IPO-Readiness
Zepto raised ₹7.5 crore (~$0.9 million) from Elcid Investments Ltd., increasing its stake in the startup to 0.039%. The latest deal values Zepto at above $5 billion, with plans underway to raise up to $500 million at a $7 billion valuation Inc42
The company recently redomiciled its corporate entity from Singapore to India and postponed its IPO toward FY26, aligning with capital market expectations and regulatory compliance
📊 Industry Comparison & Market Position
- Zepto’s FY25 revenue compares to ₹15,623 crore for Swiggy and ₹21,320 crore for Eternal (owner of Blinkit), placing Zepto among the fastest-growing players in India’s quick-commerce space
- Analysts foresee quick commerce nearing parity with traditional e-commerce as market fundamentals evolve in 2025
🌐 Broader Implications
- Strong topline growth and falling cash burn reflect Zepto’s move toward operational EBITDA breakeven and possibly PAT profitability by FY26
- As advertising revenue and subscriptions scale up, the company eyes diversified income streams beyond transaction fees
- The upcoming round and imminent IPO are expected to bolster institutional ownership and European investor confidence, especially with domestic compliance alignment and board localization
