The Ledger
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Aadit Palicha predicts India's largest internet business will be online grocery
“If anyone can build the largest business in internet in the country, it'll be online grocery.”
Aadit Palicha says Zepto's mature dark stores are fully cash flow positive
“We're sitting in a world where our mature dark stores are fully loaded, you know, turning fully loaded cashflow positive without exaggeration. And I know there's a lot of, you know, creativity in what's above and below, you know, those numbers, you know, can I…”
Zepto dark stores achieve profitability faster than traditional Indian supermarkets
“If you look at Nielsen's data, the average time it takes for a DMART, Reliance Fresh, more retail, Spencer's retail, et cetera, all, I mean, all companies that we have a lot of respect for, take some 18 to 24 months to turn a new supermarket profitable. We're …”
Aadit Palicha predicts Zepto can reach a $30B to $40B valuation
“Both Kevali and I wake up every morning knowing that if we make the right decisions, we're sitting on that DMART level outcome of building a 30, forty billion dollar company.”
Aadit Palicha predicts Zepto will be a profitable public company by 2028
“Five years from now, I'll be talking to you saying, you know what, we're a highly profitable public company in grocery.”
Zepto hit thousands of crores in annualized sales in just 17 months
“So look, I mean, we went from zero rupees in, in sales to thousands of crores of annual sales in the span of 1617 months.”
Aadit Palicha claims DMart's sales are less than 10x Zepto's sales
“And they are, you know, less than 10 X our size in sales, and we are growing multiples every year.”
Aadit Palicha reveals Zepto crossed $100 million in net revenue ARR
“I think we crossed that milestone a while ago. That was a while ago, but I think obviously that doesn't mean that that net revenue is generating cash for us in the bottom bottom line. But I think we're in that territory have been for some time.”
Aadit Palicha intends to IPO early to leave upside for retail investors
“If we are lucky enough to build a business that has got the quality to go public, which I think we are doing, but if we do I would try my best to do it in a way where we can accrue value as a public company, right? Why as a private company?”
Zepto raised $9M, $50M, and $100M rounds in a six-month window
“I mean, the overall round is about nine million. And then fifty million led by Gladebrook and then a hundred million led by Y Comrader. That was, I believe July, 21 to December, 21.”
Aadit Palicha warns early mistakes multiply directly with blitzscaling growth rates
“Because if we're going to scale quickly, we have to learn faster. And more importantly, we can't make mistakes because if we make a mistake today and we're going to be a 150 X in 12 months, then that problem is going to be a 150 X bigger.”
Aadit Palicha says quick commerce is India's fastest-growing consumer internet sector
“I think currently this industry is definitely the fastest growing consumer internet industry in the country right now.”
Aadit Palicha claims Zepto could hit cash flow breakeven in 12-18 months
“If we stop growing, stop launching new markets, which we will not do, but if we did that, we would have a clear roadmap to getting to cash flow breakeven as an overall business, you know, within a reasonable time frame, not three years, five years, but within …”
Aadit Palicha built and exited a Dubai ride-sharing startup at age 16
“When you were 16, we actually started something that was fairly interesting. It was Right sharing platform for school commutes. And, you know, we launched that in Dubai and it ended up scaling to a couple thousand users and, you know, quite a few schools in th…”
Zepto grew 100% to 150% month-over-month following its Series A
“We started growing a hundred, 150% month on month, which is not for the faint hearted.”