Quick commerce company Zepto, known for its 10-minute grocery delivery service, has seen a significant increase in daily orders. Himanshu Sharma, VP - Real Estate & Facility, Zepto shared that the company till last year handled 3-4 lakh orders per day, which has now grown to 8 lakh orders daily.
Currently, Zepto operates 424 stores across the country. Sharma revealed ambitious expansion plans, stating, “By March 2025, we aim to have around 1000 stores, with a focus on expanding into tier 2 and tier 3 towns. 20% of our stores are Franchisee operated and further we are seeking franchisees in tier 2 & 3 towns.”
Following a recent funding round, Zepto's valuation climbed to $5 billion, marking a 40% increase. The round was led by General Catalyst Partners, with participation from new investors Dragon Fund and Epiq Capital, and existing backers like Lightspeed Venture Partners and DST Global increasing their stakes as per recent reports.
The company competes in India’s hyper-competitive grocery delivery space, facing major players like Amazon India, Swiggy, Blinkit, and Tata Group’s BigBasket. Zepto is also eyeing an IPO as part of its long-term growth trajectory.