Zepto GOV Surges to $3 Billion, Says CEO (Communities - News & Events)
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Item ID 3074486 in Category: Communities - News & Events
Zepto GOV Surges to $3 Billion, Says CEO | |
To compete with competitors Blinkit and Instamart, Zepto has received a total of $1.35 billion in consecutive investment rounds. According to co-founder and CEO Aadit Palicha, quick commerce startup Zepto has quadrupled its gross order value (GOV) in the previous eight months to over $3 billion (~Rs 24,500 crore) and is almost ready to turn a profit, the company said on Wednesday. “We informed Goldman Sachs in a research note in April 2024 that Zepto had surpassed $1 billion in annualized GOV. In January 2025, eight months later, we are currently at almost $3 billion in annualized GOV (~Rs 24,500 crore),” Palicha wrote in a LinkedIn post. Palicha went on to say that he had faith that the company would soon turn a profit overall. Indeed, Palicha’s January 15 release of Zepto’s GOV statistic would place the company on pace with Blinkit, the market leader at the moment, and much ahead of rival Swiggy Instamart. Visit sites -- https://voiceofentrepreneur.life/ | |
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| Target State: Maharashtra Target City : Mumbai Last Update : 18 January 2025 11:03 AM Number of Views: 16 | Item Owner : Voiceofentrepreneur Contact Email: Contact Phone: 9315895421 |
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2025-01-24 (0.387 sec)