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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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13h ago
Secondlife
Secondlife

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.

BiryaniEnthu
BiryaniEnthu

Why does Zepto founders need to respond to this

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The Morning Vine 🍇

Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:

𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳

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