👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Zepto CEO refutes Zomato’s quick commerce cash burn claim
Zepto CEO Aadit Palicha has denied assertions made by Zomato CEO Deepinder Goyal about the cash burn in the quick commerce sector.
In an interview with The Economic Times, Goyal claimed that Zepto was responsible for over half of the quick commerce industry’s US$573.13 million quarterly cash burn, estimating Zepto’s share at about US$286.56 million.
Palicha responded on LinkedIn, labeling the claim as “verifiably untrue.” He indicated that clarification would come once the company files its financial statements.
He suggested that Goyal’s statement could have been an honest mistake.
Recent Zepto developments
| Timeline |
|---|
27-Feb-2025 🛍️ Zepto expands dark stores, opens first women-only outlet
|
31-Jan-2025 🛍️ Zepto rolls out 10-minute exchange, returns service
|
28-Jan-2025 🇮🇳 Zepto relocates HQ to India ahead of anticipated IPO
|
22-Jan-2025 🚀 Zepto expands IPO plan to $1b amid rapid growth
|
14-Jan-2025 🇮🇳 Zepto parent company becomes Indian entity ahead of IPO
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.