Zepto CEO Refutes Deepinder Goyal’s Quick Commerce Cash Burn Claims

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SUMMARY

Zepto’s Aadit Palicha corrected Zomato’s CEO claims that Zeptor’s losses to be in the ball park of INR 2,500 Cr per quarter, saying that it “is verifiably untrue”

In an interview with ET, Goyal estimated Zepto’s burn rate to be in the range of INR 2,200 to INR 2,300 Cr

In the fiscal year 2023-24 (FY24), Zepto spent INR 5,747.21 Cr, up 72% from INR 3,350.09 Cr in the previous fiscal year

Quick commerce unicorn Zepto’s CEO Aadit Palicha took to social media platform LinkedIn to correct Zomato CEO Deepinder…



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Zepto CEO Refutes Deepinder Goyal’s Quick Commerce Cash Burn Claims


SUMMARY

Zepto’s Aadit Palicha corrected Zomato’s CEO claims that Zeptor’s losses to be in the ball park of INR 2,500 Cr per quarter, saying that it “is verifiably untrue”

In an interview with ET, Goyal estimated Zepto’s burn rate to be in the range of INR 2,200 to INR 2,300 Cr

In the fiscal year 2023-24 (FY24), Zepto spent INR 5,747.21 Cr, up 72% from INR 3,350.09 Cr in the previous fiscal year

Quick commerce unicorn Zepto’s CEO Aadit Palicha took to social media platform LinkedIn to correct Zomato CEO Deepinder…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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