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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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1mo ago
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SparklyWalrus
SparklyWalrus
Zepto1mo

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
Stealth1mo

Why does Zepto founders need to respond to this

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