Consumer Service
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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