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Startups up in arms against Goyal's ecosystem comment
Business Standard
|April 05, 2025
Goyal on Thursday had questioned if startups were content with low-paying gigs
The Indian startup community responded strongly to the sharp jabs from Union Minister of Commerce and Industry Piyush Goyal, who had reprimanded the ecosystem for its focus and priorities. Addressing the second Startup Mahakumbh event in New Delhi on Thursday, the minister had compared the focus of Indian startups to that of China.
Goyal had also asked the startup ecosystem if they were content with low-paying gig jobs and only selling things. "Do we have to make ice creams or chips? Dukandari hi karni hai," he asked the audience.
In a post, Zepto's co-founder and chief executive officer (CEO) Aadit Palicha defended the Indian startup ecosystem and said it is easy to critique consumer internet companies and compare them with the technological progress in the US or China. Palicha said there are almost 150,000 real people who are earning their livelihoods on Zepto, a company that "did not" exist 3.5 years ago.
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