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Zepto CEO calls Goyal's cash burn statement untrue

The New Indian Express Bhubaneswar

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March 05, 2025

QUICK commerce start-up Zepto CEO Aadit Palicha on Tuesday refuted Zomato founder Deepinder Goyal's comment on quick commerce cash burn statement as 'verifiably untrue'.

- ENS ECONOMIC BUREAU @ Bengaluru

Goyal, in an interview, had said the quick commerce sector is burning ₹5,000 crore in cash each quarter and that Zomato-owned Blinkit accounts for 2-3% of the amount and that more than half of this is by Zepto. Refuting this claim, Palicha in a post on LinkedIn said Goyal had made an inaccurate statement about Zepto.

The New Indian Express Bhubaneswar

यह कहानी The New Indian Express Bhubaneswar के March 05, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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