Zepto's cash burn hits ₹250 crore a month, 6x more than May: Report
1 month, 1 week ago

Zepto's cash burn hits ₹250 crore a month, 6x more than May: Report

Hindustan Times  

Zepto’s monthly cash burn has surged to over ₹250 crore in the past two months, amid intensifying competition in the quick commerce sector. Zepto’s monthly cash burn jumps to over ₹ 250 crore, driven by fierce competition in quick commerce. Sources indicate that the cash burn is expected to stay near ₹300 crore for November, coinciding with India's annual festive season, the peak period for e-commerce and quick commerce platforms, the report added Zepto’s CEO and co-founder, Aadit Palicha, confirmed the developments, saying that more than 70 percent of their existing stores have achieved full EBITDA profitability. Quoting sources, the Moneycontrol report also added that Zepto has been aggressively investing in digital and performance marketing, including purchasing keywords on platforms like Google and Meta, and offering discounts to attract customers.

Quick Commerce Month Zepto Burn Cash Burn 250 Crore  hits  burn  growth  stores  cash  quick  commerce  month  zeptos  report  million  250  crore  zepto  6x

History of this topic

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

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

Live Mint  

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 …

Zepto Secures $350-Mn Funding To Bolster Domestic Stake Before India IPO
1 month ago

Zepto Secures $350-Mn Funding To Bolster Domestic Stake Before India IPO

ABP News  

Zepto, the rapid delivery start-up, has retained its $5 billion valuation in its latest funding round, attracting notable investors such as Motilal Oswal’s Raamdeo Agrawal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Claypond Capital, and the Cello Family Office. Additionally, the round saw participation from other prominent players, including the Haldiram Snacks Family Office, Sekhsaria …

Zepto raises another $350 million in third fundraise in six months
1 month ago

Zepto raises another $350 million in third fundraise in six months

Live Mint  

Bengaluru: Quick commerce company Zepto has secured another $350 million in a funding round led by Motilal Oswal’s private wealth division, making it the firm’s third capital raise in six months. This comes just three months after the Aadit Palicha-led company raised follow-on financing of $340 million led by US-based venture capital firm General Catalyst, making its valuation shoot up …

Zepto’s cash burn crosses ₹250 crore a month on rising costs; closes ₹2,500 crore funding round: Report
1 month, 1 week ago

Zepto’s cash burn crosses ₹250 crore a month on rising costs; closes ₹2,500 crore funding round: Report

Live Mint  

Online quick commerce platform Zepto's cash burn has exceeded over ₹250 crore per month for the last two months amid rising competition in the quick commerce space, reported the news portal Moneycontrol. The company's monthly burn, or the amount which the business is losing per month, was trending in the ₹35-40 crore range in May this year, four people aware …

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