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Zepto CEO calls Goyal's cash burn statement untrue
The New Indian Express Vishakapatnam
|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'.
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.
Dit verhaal komt uit de March 05, 2025-editie van The New Indian Express Vishakapatnam.
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