Zepto CEO sees clear path to IPO in 2025 with profitability in focus

Fresh out of bumper USD 350 million funding this time from marquee domestic investors, quick commerce company Zepto says it is on a clear path to becoming a full Indian-owned entity and hitting PAT positive milestone, as co-founder and CEO Aadit Palicha exudes optimism about a possible IPO in 2025.

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Palicha further said that instant 10-minute delivery models like that of Zepto have generated lakhs of jobs, been wage-additive, and created all-around "value" for both consumers and workers.

Moreover, the quick commerce model executed at a scale for groceries and items of daily use is unseen, unmatched globally, he said adding that this goes to showcase the unique strengths of Indian technology.

Armed with data and numbers, Palicha refuted allegations that have been levelled by a group of retail distributors including around predatory pricing, saying that 99.8 per cent of products sold on the platform were above cost.