QUICK COMMERCE UNICORN Zepto saw its FY24 consolidated revenues surge by 120% to ₹4,454, up from ₹2,024 crore in FY23, driven by increased customer demand and operational efficiencies.
Despite the growth, net loss for the year slightly narrowed to ₹1,249 crore, compared to ₹1,272 crore in FY23. However, Zepto reduced its loss as a percentage of revenue from -63% in FY23 to -28% in FY24, reflecting a strong focus on cost optimisation.
This story is from the December 14, 2024 edition of Financial Express Chennai.
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This story is from the December 14, 2024 edition of Financial Express Chennai.
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