Top line can grow to ₹2.5 lakh crore in 5-10 years if we execute well: Zepto CEO

Zepto aims to grow revenue to ₹2.5 lakh crore in 5-10 years by focusing on grocery and household essentials.

Quick commerce unicorn Zepto revenue can grow multifold to ₹2.5 lakh crore in 5-10 years if the company is able to execute the business well, a top company official said on Saturday.

Speaking at 7th JIIF Foundation day, Zepto Co-Founder and CEO Aadit Palicha said grocery and household essentials are the mother of all categories that are sold on leading e-commerce platforms Flipkart and Amazon in India.

He said the grocery and household essentials market was around $650 billion in India in FY23 and is growing at 9% CAGR (compound annual growth rate) and is expected to get to about $850 billion by FY29.

"If we execute well, we can realistically take this business from ₹10,000-plus crores in top line today to potentially to... ₹2.5 lakh crore of top line over the next 10 years or next five years," Mr. Palicha said.

"Your grocery is bigger than all the other categories that Amazon and Flipkart serve combined. If you look at electronics, apparel, furniture, you combine everything, and you double it, it's still not as large as grocery and household essentials," Mr. Palicha said.

The company's revenue have grown over fivefold to over ₹10,000 crore in FY24 from about ₹2,000 crore in FY23.

Last month, Zepto raised $665 million in an investment round that valued the firm at $3.6 billion, almost triple of what it was worth a year ago, and is preparing to list soon.