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Quick-Commerce Unicorn Zepto Aims to Surpass DMart in Sales and Top Line Growth

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3 months ago

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Quick-commerce unicorn Zepto, founded by Aadit Palicha, is set to revolutionize the grocery industry in India.

At the seventh JIIF Foundation Day event in Delhi, Palicha expressed confidence in surpassing retail giant DMart in sales within the next 18-24 months.

Zepto has shown remarkable growth, reaching a sales milestone of ₹10,000 crore in less than three years, outpacing the growth rate of e-commerce giant Flipkart.

The company focuses on the top 40 cities in India, targeting 50 to 75 million households to tap into the lucrative grocery market.

Predicting a massive growth trajectory, Palicha aims to increase Zepto’s top line to over ₹ 2.5 trillion in the next 5-10 years.

Recently, Zepto raised $665 million in a Series F funding round, with investors like StepStone Group, Nexus Venture Partners, and Glade Brook Capital joining the round.

As Zepto gears up for an IPO in 12-15 months, the company is striving to achieve profitability before going public.

The quick-commerce firm currently operates around 350 dark stores in the top 10 cities and plans to expand to 700 stores across 20 cities.

This recent funding follows Zepto’s successful Series E round last year, where the company became a unicorn with a $1.4 billion valuation.

Rachel Adams

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