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Zepto CEO Aadit Palicha refuted claims made by Zomato CEO Deepinder Goyal that quick commerce companies are burning massive amounts of cash, particularly implicating Zepto. Zepto CEO Aadit Palicha recently took to LinkedIn to counter statements made by Zomato CEO Deepinder Goyal. Zepto CEO Palicha has disputed the statements made by the Zomato CEO, in which he said that quick commerce companies were burning around Rs 5,000 crore on a quarterly basis, with Zepto accounting for over half of that amount. Zepto chief executive Aadit Palicha took to LinkedIn to call out “inaccurate” statements by Zomato CEO Deepinder Goyal to ET about the quick commerce platform's cash burn, calling the remarks “verifiably untrue”. "His words were that Quick Commerce was burning 5,000 crores per quarter of which "substantially more than half of this is by Zepto" — implying that we are losing substantially more than 2,500 crores per quarter," Palicha said in a post on Tuesday. Palicha said this would ... Quick commerce firm Zepto CEO Aadit Palicha on Tuesday termed a statement against his company by Zomato CEO Deepinder Goyal as “verifiably untrue" and said Goyal’s claims on ‘cash burns’ implied that Zepto is losing substantially more than 2,500 crores per quarter.
