Right now is not time to slow down: Zepto CEO Palicha
Mint Mumbai|November 27, 2024
The company plans to enter new categories like e-pharmacy and ramp up early offerings.
Sowmya R, Suneera Tandon & Ranjani Raghavan
Right now is not time to slow down: Zepto CEO Palicha

Zepto is well on its way to touch annualized sales of $3 billion in the next month or two, Aadit Palicha, co-founder and chief executive of Zepto told Mint, underscoring the firm's potential for rapid growth that has attracted investors from around the world.

Zepto's dark stores are turning profitable at a faster pace, down to 8 months from 23 months, as the firm is adding newer categories with a higher average order value, aiding bottom-line expansion. According to Palicha, it is currently adding over 100 dark stores a quarter, even as its older stores are hitting profitability milestones.

"Right now, it's not the time to slow down," Palicha said in an interview with Mint.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT MUMBAIView all
Heavy selling by FPIs likely due to India's good returns
Mint Mumbai

Heavy selling by FPIs likely due to India's good returns

Govt to continue to rationalize duties as part of its efforts to build an investor-friendly nation

time-read
2 mins  |
February 18, 2025
Energy transition to be delayed amid Trump's oil push
Mint Mumbai

Energy transition to be delayed amid Trump's oil push

Energy transition, or the shift away from fossil fuels to renewable sources, remains crucial to combating climate change, but the progress could slow as US president Donald Trump pushes for boosting domestic oil and gas production, Jérôme Sevin, partner and global lead for energy and process industry at consulting firm Kearney, said.

time-read
1 min  |
February 18, 2025
Mint Mumbai

Merchandise trade deficit widens in Jan

India's foreign trade has been hit by weak demand in major markets, geopolitical tensions, volatile commodity prices

time-read
2 mins  |
February 18, 2025
Indian markets have detected a chill in India's American ties
Mint Mumbai

Indian markets have detected a chill in India's American ties

Trump seems to have ended the 'Howdy Modi' era's camaraderie

time-read
3 mins  |
February 18, 2025
New exercises to switch things up on bicep day
Mint Mumbai

New exercises to switch things up on bicep day

Cut the monotony out with biceps push-ups, lat pull-down curls and more

time-read
2 mins  |
February 18, 2025
India's Gold Imports Rise 40.79% to $2.68 Billion in January
Mint Mumbai

India's Gold Imports Rise 40.79% to $2.68 Billion in January

The country's gold imports in January rose by 40.79% to $2.68 billion on account of increasing domestic demands, according to commerce ministry data.

time-read
1 min  |
February 18, 2025
Mint Mumbai

India Lifts Hindalco's Q3 Show

Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25).

time-read
2 mins  |
February 18, 2025
Japan's KYB Corp exits its 51% stake in JV with Conmat
Mint Mumbai

Japan's KYB Corp exits its 51% stake in JV with Conmat

India's concrete equipment market is expected to grow to ₹230 billion from ₹88 billion, in four years

time-read
1 min  |
February 18, 2025
Mint Mumbai

Take a new trade approach in response to Trump 2.0

Lowering tariffs will help India sign FTAs with others. Broadly, we should focus more on trade in services

time-read
4 mins  |
February 18, 2025
Sotheby's Taps Into Indian Art Market Boom With Sales of ₹304 Cr in 2024
Mint Mumbai

Sotheby's Taps Into Indian Art Market Boom With Sales of ₹304 Cr in 2024

Risk-taking younger collectors, both from India and abroad, drive demand, representatives of the gallery said

time-read
3 mins  |
February 18, 2025