Zepto Nears $4B Annualized GOV, Reduces Burn Rate by 50% Amid Profit Push

Muskaan Kapoor

09 Apr 2025 — 2 min read

Zepto Nears $4B Annualized GOV

Zepto, one of India’s fastest-growing quick commerce startups, is getting closer to a significant milestone, with its Annualized Gross Order Value (GOV) approaching $4 billion. This represents an impressive ~300% year-on-year growth and a ~30% increase since January 2025, according to co-founder and CEO Aadit Palicha.

In a LinkedIn post on April 9, 2025, Palicha shared that, “Zepto is getting close to $4B in Annualized GOV, which represents ~300% year-on-year growth (and ~30% growth since my last update in January).”

What makes this growth even more noteworthy is that it comes alongside improved financial discipline. Palicha noted that Zepto has reduced its EBITDA (excluding ESOPs) and operating cash flow (OCF) burn by 50% over the past three months, even as the company continued to scale meaningfully.

He also expressed confidence that Zepto is within touching distance of breakeven on both EBITDA (excluding ESOPs) and OCF in the coming months, adding that the company still maintain a large net cash buffer on its balance sheet.

Zepto’s dark store model continues to show strong promise. “Our newly launched dark stores continue to track towards EBITDA breakeven, just as the dark stores we launched over the last 3 years did in our previous store expansion cycles,” Palicha shared.

Palicha also clarified Zepto’s definition of GOV, which includes fruits and vegetables at selling price and ancillary revenue streams, such as subscriptions and advertising.

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has grown rapidly in India’s quick commerce sector. Backed by increasing order volumes, tighter cost controls, and a sizable cash reserve, the company is actively working toward achieving profitability, an uncommon development in the current startup environment.