Zepto says it’s nearing $4 bn annualised GOV, reduced operating cash burn

Zepto is nearing annual gross order value (GOV) of $4 billion and has reduced cash burn, said Aadit Palicha, the quick-commerce company’s co-founder and chief executive officer, on Wednesday

The company, in the past three months, has reduced its ebitda (earnings before interest, taxes, depreciation, and amortisation), excluding ESOPs (employee stock ownership plans), and operating cash flow (OCF) burn by 50 per cent. In January, Zepto said GOV had touched $3 billion.