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Sunday, Nov 17, 2024

Zepto's cash burn hits ₹250 crore a month, 6x more than May: Report

Zepto’s CEO Aadit Palicha, confirmed the developments, saying that more than 70 percent of their existing stores have achieved full EBITDA profitability.
Zepto’s monthly cash burn jumps to over  <span class='webrupee'>₹</span>250 crore, driven by fierce competition in quick commerce. Satish Bate/HT File PHOTO
Zepto’s monthly cash burn jumps to over <span class='webrupee'>₹</span>250 crore, driven by fierce competition in quick commerce. Satish Bate/HT File PHOTO

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News business Zepto's cash burn hits ₹250 crore a month, 6x more than May: Report