Zepto founder Aadit Palicha alleges smear campaign by rival CFO as quick commerce race heats up

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Quick commerce platform Zepto’s cofounder Aadit Palicha has alleged that the chief financial officer (CFO) of a rival company is attempting to orchestrate a smear campaign against the startup by circulating false information to its investors, media, and on social media platforms.

Palicha claimed that the competitor’s CFO had made “wild allegations” without empirical evidence, and even gone to the extent of sharing “false numbers and Excel sheets” with journalists through proxy sources.

The executive also alleged that bots were being paid…



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Zepto founder Aadit Palicha alleges smear campaign by rival CFO as quick commerce race heats up


Quick commerce platform Zepto’s cofounder Aadit Palicha has alleged that the chief financial officer (CFO) of a rival company is attempting to orchestrate a smear campaign against the startup by circulating false information to its investors, media, and on social media platforms.

Palicha claimed that the competitor’s CFO had made “wild allegations” without empirical evidence, and even gone to the extent of sharing “false numbers and Excel sheets” with journalists through proxy sources.

The executive also alleged that bots were being paid…



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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