Zepto
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About Zepto
Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto is India’s fastest growing e-grocery company valued at $1.4 Billion following its recent Series-E fundraise of $200 Million from marquee global investors including StepStone Group, Goodwater Capital, Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquartered in Mumbai, Zepto is present across 10 major cities in the country, 1000+ employees strong, and delivers 5000+ products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10 minutes. Through strong tech capabilities, an efficient business model, and a network of highly optimized delivery centers across its 10 locations, the company is revolutionizing the Indian grocery segment currently pegged at $600 Billion, making it easier and more convenient. Beyond groceries, Zepto has also introduced a cafe offering that allows customers to order Coffee, Chai, and other Café items, along with their groceries.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.6/5 based on 873 reviews | 3.8/5 based on 2.1k reviews | 3.8/5 based on 3.8k reviews | 3.8/5 based on 1.8k reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary & Benefits | No highly rated category |
Critically Rated for | Promotion/Appraisals Work-Life balance Job Security | Promotion/Appraisals Job Security | Job Security Promotion/Appraisals | Job Security Promotion/Appraisals Work Satisfaction |
Primary Work Policy | Work from office 79% employees reported | Work from office 48% employees reported | Work from office 44% employees reported | Work from office 81% employees reported |
Rating by Women Employees | 3.2 Average rated by 74 women | 3.8 Good rated by 338 women | 3.7 Good rated by 468 women | 3.7 Good rated by 87 women |
Rating by Men Employees | 3.7 Good rated by 773 men | 3.8 Good rated by 1.6k men | 3.8 Good rated by 3.1k men | 3.8 Good rated by 1.6k men |
Job Security | 3.2 Average | 3.3 Average | 3.2 Average | 3.2 Average |
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Ola is Testing 10-Minute Food Delivery with ONDC to Compete with Zepto, Swiggy, Blinkit
- Ola Consumer is testing 10-minute food deliveries in Bengaluru using the ONDC platform.
- Ola is entering the quick commerce sector to compete with Zepto, Swiggy, and Blinkit.
- The feature is currently available with restaurants like EatFit.
- Ola's return to food delivery with a hyperlocal strategy may disrupt the market.
Ola Latest To Enter 10-Minute Food Delivery Race With Ola Dash
- Ola has launched Ola Dash, its 10-minute food delivery service in Bengaluru.
- Ola Dash features restaurants like Eatfit, Freshmenu, BowlSoul, and GreenCraving.
- Competition in the rapid food delivery segment is increasing with companies like Swiggy, Zomato, and Zepto entering the space.
- Swiggy's Bolt and Zepto Cafe, along with startups like Swish, are also competing in the race.
Ola pilots 10-minute food delivery starting from Bengaluru
- Ola Consumer, the hyperlocal delivery arm led by Bhavish Aggarwal, is piloting 10-minute food delivery service in Bengaluru.
- The service is offered through the Open Network for Digital Commerce (ONDC), a government-backed initiative.
- Ola aims to compete with other quick commerce players like Zepto, Swiggy, and Blinkit in the instant food delivery market.
- Ola had previously entered the food delivery space with acquisitions but failed to gain traction and shut down the segment in 2020.
Bombay Shaving Company CEO Lashes Out At Zepto, Zomato And Other 10-Min Food Delivery Apps—Here's Why
- Bombay Shaving Company CEO, Shantanu Deshpande, criticizes 10-minute food delivery apps like Zepto and Zomato.
- He expresses concerns about unhealthy eating habits and poor nutrition in India.
- Deshpande opposes the normalization of quick food-delivery culture and emphasizes the importance of cooking.
- He urges people to prioritize their health by preparing fresh and nutritious meals.
Zepto's revenue jumps 120% to Rs 4,454 crore in FY24, losses down by 2%
- Zepto, the quick commerce unicorn, saw a 120% jump in revenue for FY24, reaching Rs 4,454 crore.
- Expenses increased by 72%, reaching Rs 5,747 crore in FY24.
- Despite the rise in spending, Zepto managed to reduce net losses by 2% to Rs 1,248.64 crore.
- With a 29% market share, Zepto is the second-largest player in India's quick-commerce sector.
Zepto Reduces Losses To Rs 1,249 Crore In FY24
- Zepto, a quick commerce firm, has reduced its losses to Rs 1,248.6 crore in FY24 from Rs 1,272.4 crore in FY23, while its revenue increased over two-fold to Rs 4,454 crore.
- The company aims to achieve profitability in the near future and has expressed optimism about a possible IPO in 2025. Zepto plans to expand its operations to more than 50 cities by the next quarter.
- Despite being only 3 years old, Zepto successfully completed a full statutory audit with no financial qualifications.
- Co-founder Aadit Palicha emphasized the importance of governance and early decision-making that prioritized controllership excellence.
Zepto’s FY24 Revenue More Than Doubles To INR 4,454 Cr
- Zepto, a quick commerce unicorn, reported a consolidated revenue of INR 4,454.52 Cr in FY24, more than double the previous year.
- Operating revenue jumped 120% to INR 2,025.70 Cr in FY24.
- The net loss of Zepto decreased by 2% to INR 1,248.64 Cr in FY24.
- Zepto expects continued growth momentum and aims for profitability in the near term.
Zepto doubles accounting revenue in FY24; sees profitability in near term
- Quick commerce unicorn Zepto more than doubled its accounting revenue in FY24, reaching Rs 4,454 crore.
- The company improved its profit after tax (PAT) as a percentage of revenue from -63% to -28% during the same period.
- Zepto expects to achieve profitability in the near term.
- The company recently announced the spin-out of Zepto Cafe, which aims to reach a revenue run-rate of Rs 1,000 crore by 2026.
Blinkit launches ?Bistro? app to compete in 10-minute food delivery race against rivals
- Blinkit, owned by Zomato, has launched a new app called Bistro to provide 10-minute food deliveries.
- Bistro operates similarly to competitors Zepto Cafe and Swiggy Bolt, with strategically located kitchens.
- The app is currently in a testing phase and available only in select regions of Gurugram.
- Blinkit leverages its delivery network and existing infrastructure for faster delivery and wider reach.
Blinkit enters into 10-minute food delivery with Bistro App
- Zomato's quick-commerce platform, Blinkit, is launching the Bistro app for 10-minute food delivery.
- The app is currently being tested in certain areas of Delhi-NCR and offers fast delivery of meals, snacks, and drinks.
- Blinkit's Bistro app allows users to import contacts and addresses from their Zomato account and is available for download on Android and Apple devices.
- This move comes after Zepto and Swiggy also introduced separate apps for their quick food delivery services.
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