Dark stores turning profitable rapidly
Business Standard|November 25, 2024
AADIT PALICHA, co-founder and chief executive officer of quick commerce firm Zepto, says the latest $350 million fundraise is one of the largest ever from domestic investors. This will allow the company to give more shareholding to Indian investors as it eyes an initial public offering (IPO) sometime next financial year. In a video interview with Aryaman Gupta and Shivani Shinde, Palicha talks about the rising scrutiny in the sector, expansion plans, and the IPO. Edited excerpts:
AADIT PALICHA
Dark stores turning profitable rapidly

What is making investors queue up to invest in Zepto?

Earlier this financial year, we resoundingly proved the unit economics of our model. We turned around about 70 per cent of our dark stores to be fully earnings before interest, taxes, depreciation and amortisation (EBITDA) free cash flow positive, including all back-end supply chain and software costs.

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