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Stay with CommunityĀ ā€¢Ā 1y

Quick commerce unicorn Zepto recorded a 120% surge in revenue in FY24, growing from 2,026 crore in FY23 to ā‚¹4,455 crore. This growth is driven by a shift in consumer preferences, with more customers opting for 10-minute deliveries over traditional e-commerce and kirana stores. However, the rapid expansion came at a cost, with expenses rising 72% to ā‚¹5,747 crore in FY24 due to increased spending on marketing, materials, and operations. Despite this, Zepto managed to narrow its net losses slightly, reducing them by 2% to 1,249 crore.

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