The Indian quick commerce sector is facing significant cash burns amounting to Rs 5,000 crore per quarter. Zepto, a key player, is reportedly responsible for over half of this loss, but its co-founder Aditi Palicha has challenged this assertion. In a LinkedIn post, he labeled comments made by Zomato's co-founder Deepinder Goyal as inaccurate while acknowledging Goyal's contributions to the Indian startup ecosystem. The disagreement highlights the competitive tensions and the ongoing financial struggles within the quick commerce market, with implications for future transparency in operations.
We think the total burn for all companies in quick commerce is around Rs 5,000 crore per quarter, conservatively speaking. Substantially more than half of this is by Zepto...compared to this, we're burning very low numbers.
In an Economic Times article today, Deepinder Goyal-whom I deeply respect as an entrepreneur-made an inaccurate statement about Zepto.
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.
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