Zepto FY24 revenue more than doubles to Rs 4,454 crore, losses shrink 2%

Quick commerce unicorn, Zepto saw its FY24 consolidated revenues surge by 120% to Rs 4,454, up from Rs 2,024 crore in FY23, driven by increased customer demand and operational efficiencies.

Despite the growth, net loss for the year slightly narrowed to Rs 1,249 crore, compared to Rs 1,272 crore in FY23. However, Zepto reduced its loss as a percentage of revenue from -63% in FY23 to -28% in FY24, reflecting a strong focus on cost optimisation.