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Zepto, a quick commerce startup, has transitioned its parent company to an Indian entity in preparation for an initial public offering (IPO). The company has reported an annualized gross order value (GOV) of $3 billion as of January 2025, a significant increase from $1 billion in April 2024. This growth was highlighted by CEO Aadit Palicha, who noted that the GOV has tripled within eight months. Concurrently, Zetwerk, an Indian manufacturing and logistics firm, is reportedly preparing for its own IPO in Mumbai, with expectations to raise at least $500 million.
Zepto's GOV up 3x to $3 billion in 8 months, says CEO Aadit Palicha https://t.co/kRZ5FRfgHD via @moneycontrolcom
🚨 Zepto says it has hit $3 bn in annualised gross order value (GOV) in January. This comes 8 months after the quick commerce startup hit $1 bn in GOV in April last year. @AditiS90 wrote in December about Zepto's unit economics and game plan for 2025 - https://t.co/CHzNViHHdh https://t.co/HorQO8Ak2Q
Zepto's annualized GOV has reached $3 billion, up from $1 billion in April 2024 - company statement https://t.co/3vF6IjATh2
