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ROSTOZON

Stealth • 2h

Quick commerce unicorn Zepto recorded a 120% surge in revenue in FY24, growing from 2,026 crore in FY23 to ₹4,455 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 ₹5,747 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.

1 replies4 likes

Replies (1)

Anonymous 1

Stealth • 18m

revenue jump 120% and losses down 2% That's not good. Negligible 2% is

0 replies

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