Zepto’s FY24 revenue doubles to ₹4,454 crore in its first year as unicorn

Quick grocery delivery startup Zepto saw its operating revenue more than double year-on-year to ₹4,454 crore in the financial year ended March 2024—its first year as a unicorn—highlighting the intensifying competition in the quick commerce space.

The Bengaluru-based firm’s loss for the period remained flat at ₹1,248 crore, against ₹ 1,272 crore in the year-ago period, weighed by a nearly 65% increase in its total expenses at ₹5,747 crore, according to filings made with the ministry of corporate affairs accessed by business intelligence platform Tofler.