Zepto nears $4 Bn in annualized GOV, cuts losses by half

Quick commerce unicorn Zepto is close to hitting an annualized Gross Order Value (GOV) of $4 billion, CEO Aadit Palicha shared in a LinkedIn post on Wednesday.

According to a LinkedIn post by Aadit Palicha in January 2025, the company scaled from $1 billion to approximately $3 billion in annualized GOV in just 8 months.

Palicha added that this marks ~300% growth compared to last year and a 30% increase since January.

Zepto includes the selling price of fruits and vegetables and revenue from subscriptions, ads, and other services in its GOV calculations.

The company has also reduced its EBITDA loss (earnings before interest, taxes, depreciation, and amortization)—excluding ESOPs (employee stock ownership plans)—and its operating cash flow (OCF) burn by 50% over the past three months.

Zepto is a Mumbai-based quick commerce platform that promises grocery and daily essentials delivery in 10 minutes. It operates using a network of dark stores located across cities. Zepto has quickly become a major player in India’s online grocery space and is backed by leading global investors.

Palicha said Zepto is now close to achieving breakeven on both EBITDA (ex-ESOPs) and OCF, with a strong cash reserve still available on its balance sheet. The company’s newly launched dark stores are also on track to reach EBITDA breakeven, just like those opened during past expansion phases.

Media reports suggested that Zepto is in talks for a $250 million secondary round, allowing existing stockholders to offload equity. The move aims to increase Indian investor ownership ahead of Zepto's planned IPO later this year.