Zepto's loss widens to ₹1,272 crore, revenue surges nearly 14x YoY

Zepto saw its loss widening from ₹390 crore in FY22 to ₹1,272 crore in FY23 with its revenue surging nearly 14x YoY to ₹2,024 crore in FY23, according to the unicorn's filing. Zepto CEO Aadit Palicha said, "Most losses were because we opened newer stores." Zepto's total expenses increased from ₹533 crore in FY22 to ₹3,350 crore in FY23.