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India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says
Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception.
Zepto, which became a unicorn last year, counts YC Continuity, StepStone Group, Glade Brook Capital and Lachy Groom among its backers. Zepto, which offers delivery of items from a range of categories including grocery and electronics to customers within 10 minutes, expects its gross order value, representing the average purchase amount on its platform, to increase by more than 100% on a year-over-year basis for the next several years. “Zepto believes quick-commerce platforms are well-positioned vs Kiranas (traditional grocery retailers) due to (1) sourcing advantage which results in better pricing; (2) product assortment (5x higher of SKUs); (3) quality control; (4) delivery time (ability to deliver in under 15 mins).
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