Palicha: Zepto reached over 5,000 crore INR sales in 24 months
Aadit Palicha · Ep #10 | WTF is the Next Gen Thinking? Nikhil w/ Navya, Tara, Aadit & Kaivalya · Nikhil Kamath · Sep 20, 2023 · at 17:28
Zepto co-founder Aadit Palicha shares the company's gross sales milestone achieved since pivoting to a dark store model in July 2021.
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“And yeah, from July, 21 to today, like about 24 months, went from about zero to like today north of 5000 crores in sales.”
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More from Aadit Palicha
Palicha: Most Zepto dark stores are currently profitable
“You know, to be honest with you, most of our stores make money today.”
Palicha: Despite dropping out, I advise students to stay in college
“Like, to be honest with you, like, if I was, like, I would actually, like, most people ask me, okay, you know, you guys dropped out of college. Should we drop out of college? I say, no, don't drop out of college. Like, stay in college.”
Palicha: Zepto wouldn't exist without his intensely competitive school environment
“I don't think I would have even tried to do what I'm trying to do right now. If it wasn't for that, like, somewhat, and I agree with you, somewhat, like, semi-toxic, like, aggressive line of sight.”
Palicha: Contrary Capital invested $50k in Zepto at $2.5M valuation
“So he, so they, so he gave us basically a 50 K USD at a two and a half million valuation.”
Palicha: Zepto co-founders retain about 25% combined equity
“I mean, so the two of us own about 25%.”
Palicha: Zepto dark store rent is only 1% to 1.5% of sales
“So rent as a percentage of sales for us is nothing. It's one and a half percent. So the fixed cost base is so low because of how much throughput that we've been able to do within the same store because of how, like how much customer demand we see in the way th…”