Zepto has reported a remarkable 120% increase in revenue for the fiscal year 2024, reaching ₹4,455 crore. This surge positions Zepto ahead of its competitors, with Blinkit and Swiggy Instamart reporting revenues of ₹2,301 crore and ₹1,100 crore, respectively. CEO Aadit Palicha highlighted a slight reduction in losses, decreasing from ₹1,272 crore in FY23 to ₹1,249 crore in FY24, despite total expenses rising by 72% to ₹5,747 crore. This financial performance is bolstered by Zepto's aggressive funding strategy, having raised ₹11,475 crore over a span of five months. Looking ahead, the company is planning a $500 million initial public offering (IPO) in 2025 and is transitioning its operational base from Singapore to India. Zepto aims to enhance operational efficiency and expand its market presence, reflecting its commitment to maintaining a competitive edge in the quick commerce sector. [20704ba3]