Zepto CEO Aadit Palicha counters Zomato’s Deepinder Goyal on qcom cash burn

Zepto CEO Aadit Palicha on Tuesday called Zomato founder Deepinder Goyal’s comments that Zepto was burning ₹2,500 crore every quarter as “verifiably untrue”, saying public filing of financial statements will disprove the assertion.

Taking to LinkedIn after reports that quoted Goyal as saying that quick commerce (qcom) firms were burning ₹5,000 crore every quarter, half of which was by Zepto, Palicha said he intends to build a startup ecosystem in good faith and build world-class products for Indian consumers.