Zepto, a quick commerce competitor, has increased its annualised gross order value (GOV) to $3 billion (about Rs 24,500 crore) from $1 billion eight months earlier.
GOV is the entire value of all orders placed, excluding any deductions, returns, cancellations, or discounts.
In a LinkedIn post on Wednesday, Aadit Palicha, co-founder and CEO of the firm, stated: "In April 2024, we shared with Glodman Sachs in a research note that Zepto had crossed $1 billion in annualized GOV. Eight months later, in January 2025, we are at almost $3 billion in annualized GOV."
Palicha acknowledged the milestone to the Zepto team's execution, rigour, and discipline. "With this team, I am confident we will continue growing with a clear path to PAT profitability in the near term," the CEO said.
GOV has also seen rapid growth among other quick commerce players. In FY24, Blinkit's GOV was Rs 12,469 crore, growing 169 percent year on year. In the first two quarters of FY25, Blinkit's GOV was Rs 4,923 crore and Rs 6,132 crore, respectively.
Zepto has been in expansion mode. In November 2024, the company raised $350 million for a valuation of $5 billion. In 2024, the corporation raised $1.35 billion.
Palicha stated that Zepto operated over 600 dark storefronts and processed close to 900,000 orders per day. "Our average order value (AOV) has increased: we hope to reach Rs 540-550 by next month, up from Rs 450 approximately eight months ago. We have surpassed 6 million Zepto Pass (subscription plan) subscribers. We've also increased our SKU count from 6,000 to 14,000, and we'll keep growing over the coming year," he said.
Palicha stated that Zepto will achieve profit after tax (PAT) breakeven within the following fiscal year, with a higher base than this year."We could very well be near that milestone right before the IPO" .
