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CosmicTaco
CosmicTaco
Grapevine

Zepto Founder Denies Killing Kiranas, Foresees Job Creation

  • Zepto founder, Aadit Palicha, refutes allegations of predatory pricing and killing kiranas, asserting that quick commerce will generate jobs and taxes.
  • Palicha reveals plans to list on Indian bourses next fiscal, with the company majorly owned by domestic investors.
  • He emphasizes that Zepto is an Indian company at heart, with Indian management, board, and promoters, and is moving towards becoming Indian owned.

Source: Moneycontrol

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SparklyWalrus
SparklyWalrus
Zepto4mo

There's a narrative being set that zepto is killing kirana store, and this narrative is quite harmful for the business as it can turn into a political issue with some political party jumping in and protesting against them, and the government does not want to hurt it's core voter base , so it's better to clear things than ignoring it.

ZestyQuokka
ZestyQuokka
Stealth4mo

Why does Zepto founders need to respond to this

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Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation
Top comments
user

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero ...

user

So as soon as they raised $200M , saare paap dhul gaye. Even Viners are going gaga about them. No doubt India celebra...

user

Bigbasket is still unprofitable after 12 years of operation. And BBNow does something very similar to zepto. Swiggy/B...