India, April 9 -- Quick commerce major Zepto has reduced cash burn and is nearing $4 Bn in annualised gross order value (GOV), cofounder and chief executive Aadit Palicha has claimed.

"Zepto is getting close to $4B in annualised GOV, which represents around 300% year-on-year growth, and about 30% growth since my last update in January," Palicha said in a LinkedIn post.

"We have reduced EBITDA (excluding ESOPs) and operating cash flow (OCF) burn by 50% even as we grew meaningfully during the last three months," he added.

Earlier in January, Palicha said, "In April 2024, we shared with Goldman Sachs in a research note that Zepto had crossed $1 Bn in annualised GOV. Eight months later, in January, we are approximately at $3 Bn in annualis...