‘We almost died’: Zepto CEO Aadit Palicha reflects on Silicon Valley Bank crisis

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In a candid reflection on Zepto’s early years, CEO Aadit Palicha opened up about the startup’s near-collapse during the 2022–2023 funding crunch, revealing how hiring missteps and the Silicon Valley Bank (SVB) crisis nearly brought the company to a standstill.

Palicha admitted that bringing in the wrong talent during those formative stages was the startup’s biggest vulnerability.

“The biggest mistakes I made were wrong hires,” he said, pointing to early failures across finance, operations, marketing, and category management as critical…



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‘We almost died’: Zepto CEO Aadit Palicha reflects on Silicon Valley Bank crisis


In a candid reflection on Zepto’s early years, CEO Aadit Palicha opened up about the startup’s near-collapse during the 2022–2023 funding crunch, revealing how hiring missteps and the Silicon Valley Bank (SVB) crisis nearly brought the company to a standstill.

Palicha admitted that bringing in the wrong talent during those formative stages was the startup’s biggest vulnerability.

“The biggest mistakes I made were wrong hires,” he said, pointing to early failures across finance, operations, marketing, and category management as critical…



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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