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Goyal's claims on Zepto's cash burn wrong: Palicha
March 05, 2025
|Financial Express Lucknow
AADIT PALICHA, CO-FOUNDER and CEO of Zepto, on Tuesday termed as "inaccurate", the statement made by Zomato founder and CEO Deepinder Goyal that more than half of the quarterly cash burn in the quick commerce industry comes from the Bengaluru-based firm alone.
Palicha was referring to a statement made by Goyal in an interview to an economic daily.
"We think the total burn for all companies in quick commerce is around ₹5,000 crore per quarter, conservatively speaking. Substantially more than half of this is by Zepto," Goyal had said in the interview.
He had said that Zomato's Blinkit is burning around ₹35 crore per month on an average.
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