Zepto posts operating rev of Rs 4,454 Cr in FY24, 120% jump YoY
The quick commerce firm's net loss stands at -28% in FY24 as compared to -63% in FY23
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Published: Dec 14, 2024 8:45 AM | 1 min read
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Zepto has reported operating revenue of Rs 4,454 crore in FY24, posting an increase of 120% from the previous fiscal.
The quick commerce firm's net loss has improved from -63% in FY23 to -28% in FY24.
"Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO. This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that prioritized controllership excellence (like SAP FICO integration, automated revenue-to-cash reconciliation, set up of an H2H payment system etc)," Zepto Co-Founder and CEO Aadit Palicha said in a social media post.
Zepto has also surpassed Rs 1,000 crore in annualized advertisement revenue, averaging over Rs 83 crore per month.
“It’s been less than three years since we launched our Ads Business, and the team we put together has been executing like a machine. I’m honestly grateful to be working and learning from some of the smartest operators in Internet India today,” Palicha said in a post earlier this month.
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