Aadit Palicha states that the newly introduced dark stores continue to track towards EBITDA breakeven
Marking around 30 per cent growth since the last update in January, the quick commerce platform Zepto is nearing USD four billion in annualised gross order value (GOV), representing 300 per cent growth on-year, the co-founder stated.
In a LinkedIn post, the Co-founder and Chief Executive Officer (CEO) Aadit Palicha wrote, “Zepto is getting close to USD four billion in Annualized GOV, which represents around 300 per cent year-on-year growth (and around 30 per cent growth since my last update in January). Our definition of GOV has fruits and vegetables at selling price and includes ancillary sources of income like subscription fees, advertisements.”
Palicha added that the company has halved its earnings before interest, tax, depreciation and amortisation (EBITDA) and operating cash flow (OCF) burn even as Zepto grew meaningfully over the past three months, excluding the impact of employee stock ownership plans (ESOPs).
“We are confident in being within touching distance of EBITDA (excluding ESOPs) and OCF breakeven within a few months (with a large net cash buffer still on the balance sheet). Our newly launched dark stores continue to track towards EBITDA breakeven, just as the dark stores we launched over the last 3 years did in our previous store expansion cycles,” he added.
In a separate post few months back, Palicha stated that In April 2024, the company shared with Goldman Sachs in a research note that Zepto had crossed USD one billion in Annualised GOV. 8 months later, in January 2025, Zepto was at approximately USD three billion in Annualised GOV.
