The CEO of Zepto compared his startup to Amazon, stating that if everything goes well, it has the potential to be valued at $80 billion.

In 2024, grocery shopping in India has largely become obsolete due to delivery platforms like Swiggy Instamart, Blinkit, and Zepto, which have simplified life for millions by delivering everyday household items directly to their doorsteps. Whether it’s running out of salt, flour, or needing school supplies for a child’s project, everything can be ordered online.

Zepto, a newer player compared to Swiggy and Blinkit, has gained popularity in many regions. Its CEO and co-founder, Aadit Palicha, likens the company’s current phase to where Amazon was in the 1990s or early 2000s. Speaking at the Moneycontrol Startup Conclave 2024, Palicha boldly compared Zepto’s growth trajectory to that of Amazon during its early years. He mentioned that with proper execution, Zepto could potentially reach a valuation between $50 billion and $80 billion, establishing itself as a global leader in quick commerce.

However, Palicha is fully aware that success is not guaranteed, emphasizing the critical role of flawless execution in realizing Zepto’s potential. He acknowledged that many companies with the right resources failed due to poor execution, underscoring Zepto’s focus on its core business moving forward.

Over the past year, Zepto has aggressively pursued fundraising, securing major investments that have driven its growth. In August 2023, Zepto raised $231 million at a $1.4 billion valuation, entering the unicorn club. This was just the start, as the company recently closed another funding round, raising $665 million and boosting its valuation to $3.6 billion.

Zepto’s momentum continues to attract investor interest, with ongoing discussions for an additional $250 million in funding. This new round, which could increase to $400 million, is expected to raise the company’s valuation to around $4.6 billion.