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Zepto Fy23 Revenue: Zepto sees 14x surge in FY23 revenue while losses triple, ET Retail

Zepto Fy23 Revenue: The Mumbai-based company incurred a loss of Rs 1,272 crore in FY23, over three times wider than the Rs 390.4 crore posted in the previous year. The firm’s total expenses jumped over six times to Rs 3,350 crore in FY23, up from the Rs 532.7 crore it spent in the previous year.

zepto fy23 revenue: Zepto sees 14x surge in FY23 revenue while losses triple

The Mumbai-based company incurred a loss of Rs 1,272 crore in FY23, over three times wider than the Rs 390.4 crore posted in the previous year. The firms total expenses jumped over six times to Rs 3,350 crore in FY23, up from the Rs 532.7 crore it spent in the previous year.

YCombinator-backed unicorn Zepto clocks Rs 2,024 crore revenue, incurs Rs 1,272 crore loss in FY23

In the whole of FY23, Zepto opened about 100 new stores, mostly in existing locations, as it saw more customers coming on to its platform.

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