Zepto reports ₹390 crore loss in first year of operations

Quick-commerce startup Zepto has reported a loss of ₹390.4 crore in the first year of its operations on a standalone basis. In FY22, Zepto generated a total revenue of ₹142.4 crore, according to regulatory filings. Founded by Aadit Palicha and Kaivalya Vohra in April 2021, the Mumbai-based soonicorn is currently valued at $900 million.