{"id":632425,"date":"2024-08-28T06:10:38","date_gmt":"2024-08-28T03:10:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/zepto-snagging-1-billion-in-90-days-projects-150-annual-growth\/"},"modified":"2024-08-28T06:10:38","modified_gmt":"2024-08-28T03:10:38","slug":"zepto-snagging-1-billion-in-90-days-projects-150-annual-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/zepto-snagging-1-billion-in-90-days-projects-150-annual-growth\/","title":{"rendered":"#Zepto, snagging $1 billion in 90 days, projects 150% annual growth"},"content":{"rendered":"
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Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down.<\/p>\n

Palicha shared these insights during a call organized by an investment bank. Representatives from several prominent investment firms, including Abu Dhabi Investment Authority, Temasek, GIC, and Invesco, were among the attendees, according to materials reviewed by TechCrunch.<\/p>\n

The spokesperson for the firm declined to comment when reached earlier on Tuesday.<\/p>\n

Zepto\u2019s annualized sales run rate recently exceeded $1.5 billion, Palicha told them, adding that a growth rate of app<\/a>roximately 150% would push its sales to more than $3.5 billion. Zepto competes with Zomato\u2019s Blinkit, SoftBank-backed Swiggy Instamart, and BigBasket, all of them wooing customers with their 10-to 15-minute delivery services. BlinkIt\u2019s current run rate stands at about $2 billion.<\/p>\n

Quick commerce is rapidly gaining traction in India\u2019s $1.1 trillion unorganized retail market. Zepto, BlinkIt, Swiggy, and Tata-owned BigBasket\u2019s BB Now are collectively on track to clock annual sales exceeding $6 billion, compared to overall e-commerce sales of approximately $50 billion. Online grocer BigBasket, which delivers grocery to customers within a few hours, said Tuesday it is making a complete pivot to quick commerce.<\/p>\n

The Indian e-commerce market is growing at about 11% to 12% annually, according to industry figures. In contrast, quick commerce has experienced growth of more than 100% in each of the last three years. Quick commerce firms are \u201cclearly taking share\u201d from larger e-commerce companies, said Rahul Malhotra, an e-commerce analyst at Bernstein.<\/p>\n

Investors on Tuesday\u2019s call questioned Palicha about the potential for quick commerce to expand beyond India\u2019s top dozen or so cities, as these apps currently operate primarily in major urban areas. \u201cQuick commerce is not a Tier 1 phenomenon,\u201d Palicha said. \u201cOur data points clearly to a huge opportunity in tier 2\/3, regardless of the market sentiment.\u201d<\/p>\n

He also confirmed during the call that Zepto has raised $1 billion in the past 90 days, a war chest he said will allow the firm to more aggressively expand. <\/p>\n

TechCrunch had earlier reported that Zepto, now valued at $5 billion, was finalizing a $340 million funding round led by General<\/a> Catalyst. The startup closed a $665 million funding round in June.<\/p>\n<\/div>\n

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Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an…<\/p>\n","protected":false},"author":1,"featured_media":632426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/06\/zepto.jpg?resize=1200,681","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[151450,151451,61594,17318,151452,151453,151454,151455,151456],"class_list":["post-632425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blinkit","tag-commerce","tag-exclusive","tag-india","tag-quick-commerce","tag-swiggy-instamart","tag-tc","tag-zepto","tag-zomato"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/632425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=632425"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/632425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/632426"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=632425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=632425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=632425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}