Zepto, a quick commerce platform, had a standalone loss of INR 390.3 Cr in its first year of operations in the fiscal year 2021–2022 (FY22).
The business funded by Nexus Venture Partners generated INR 142.3 Cr in total revenue in FY22. Zepto, which commenced operations in April 2021, had total expenses of INR 532.7 Cr in FY22. Zepto spent INR 175.5 Cr on marketing and promotional expenses in FY22, or almost 33% of total costs. The most recent valuation of $900 million for Zepto represents 48 times the company’s entire FY22 sales. Zepto spent INR 3.7 in FY22 in order to make one rupee.
