Zepto chief executive officer (CEO) Aadit Palicha on Tuesday, March 4, called out Zomato CEO Deepinder Goyal over claims that the quick commerce giant is losing ₹250 crore per quarter. Palicha took to the networking platform LinkedIn and refuted Goyal’s statement published in an Economic Times report that quick commerce is burning ₹500 crore per quarter, substantially ‘more than half of that by Zepto’. Zepto chief claims as per Goyal’s statement, Zepto is losing ₹2,500 crore per quarter, which is not true.
This statement is verifiably untrue and it will be clear when we publicly file our financial statements. However, I know Deepinder, and I know he has only good intentions; this quote could have been an honest mistake.
Deepinder started Zomato when I was 5 years old and he has become a role model for the Indian startup ecosystem. I have personally read all of his blogs and it’s a privilege to learn from and compete with Zomato. Our genuine intention is to build the Indian startup ecosystem together in good-faith, and build a world-class product for the Indian consumer
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