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After Pai, Zepto’s Aadit Palicha Reacts to Minister Goyal’s ‘Dukaandari’ Remark

OutlookIndia

OutlookIndia · 4m ago

After Pai, Zepto’s Aadit Palicha Reacts to Minister Goyal’s ‘Dukaandari’ Remark

Zepto CEO Aadit Palicha responded to Minister Piyush Goyal's criticism of Indian startups, especially those focused on consumer internet ventures like online food delivery. Goyal contrasted these with Chinese startups' focus on sectors like AI and EVs. Palicha highlighted Zepto's contributions, mentioning that it employs 150,000 people, pays significant taxes, and has attracted substantial FDI. He emphasized the need for India to develop major internet companies to drive technological innovation and economic growth.

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Related News

Piyush Goyal’s 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others

OutlookIndia

OutlookIndia · 4m ago

Piyush Goyal’s 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others

Union Minister Piyush Goyal's critical remarks about Indian start-ups at 'Startup Mahakumbh 2025' sparked backlash from industry leaders like Ashneer Grover and Mohandas Pai. Goyal criticized Indian startups for focusing on service-based models rather than deep tech, contrasting them with Chinese advancements. Industry leaders defended the current start-up ecosystem, highlighting its achievements and questioning the government's support. They argued that criticism should focus on constructive growth rather than belittling efforts.

Zepto’s cash burn rises to ₹250 cr/month, 6x more than May: Report

Money Control

Money Control · 9m ago

Zepto’s cash burn rises to ₹250 cr/month, 6x more than May: Report

Zepto’s cash burn has risen over six fold to over ₹250 crore/month in the last two months as the startup amps up investments in operations, marketing and hiring, Moneycontrol reported. CEO Aadit Palicha confirmed the rise but not the exact figure. Zepto's monthly cash burn was averaging at ₹35-40 crore in May. It's spending nearly ₹120 crore/month on digital marketing.

Mohandas Pai Defends Indian Startups Against Minister Goyal’s Criticism

OutlookIndia

OutlookIndia · 4m ago

Mohandas Pai Defends Indian Startups Against Minister Goyal’s Criticism

Former Infosys CFO Mohandas Pai defended the Indian startup ecosystem against criticism from Union Minister Piyush Goyal. Goyal had commented on the focus of many Indian startups on areas like food delivery, instead of tech advancements like AI, prompting Pai to highlight the lack of government support for deep-tech startups. He emphasized the funding gap compared to global peers, stressing that government policies and capital constraints hinder the growth of Indian startups in sectors like IoT and robotics.

2 college dropouts with ₹30,000-cr startup only possible in India: Zepto CEO

Inshorts · 1y ago

2 college dropouts with ₹30,000-cr startup only possible in India: Zepto CEO

Zepto CEO Aadit Palicha posted on X, "2 kids dropping out of college and starting a company worth ₹30,000 crore in just 3 years is only possible in one country in 2024: India." His post came after Zepto raised $665 million at a $3.6 billion valuation. Stanford dropouts Aadit Palicha and Kaivalya Vohra started Zepto at the age of 19.

Zepto enters consumer analytics space with launch of subscription-based Atom

Economic Times

Economic Times · 3m ago

Zepto enters consumer analytics space with launch of subscription-based Atom

Zepto is launching Zepto Atom, a subscription-based analytics platform powered by AI, to offer proprietary data to partner brands, aiding performance enhancement. Announced by CEO Aadit Palicha on social media, this new initiative builds on Zepto’s brand portal and provides insights into consumer behavior, conversion metrics, and more. It also functions as a commerce platform. Zepto Atom allows brands to access granular data, enabling hyperlocal targeting and real-time consumer insights, enhancing their marketing and product strategies.

We'll do 'dukaandari' as we're not ashamed: Indian startup's founder on Goyal's remark

Inshorts · 4m ago

We'll do 'dukaandari' as we're not ashamed: Indian startup's founder on Goyal's remark

Tech startup Gaonzy's Co-founder Karan Chawla reacted to Union Minister Piyush Goyal's remarks on startups, saying, "Dukaandari hi karni hai (We want to do shopkeeping only). Because this generation isn't ashamed of creating jobs." "China didn't build Huawei...by asking its youth to 'do better'. It built [it] through state funding," Chawla said, adding, "Not every revolution looks like AI chips."

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

Economic Times

Economic Times · 4m ago

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

A semiconductor startup founder responded to Union Minister Piyush Goyal’s critique of Indian startups, highlighting India's systemic challenges in fostering deep-tech ventures. Goyal's comments at Startup Mahakumbh 2025 suggested a preference for semiconductor innovation over consumer internet startups. The founder shared frustrations on Reddit about the bureaucratic hurdles and lack of support for high-tech projects, emphasizing that confronting these barriers is crucial for true innovation beyond consumer-facing products like food delivery.

We started Zepto with a WhatsApp group: CEO Aadit Palicha

Inshorts · 10m ago

We started Zepto with a WhatsApp group: CEO Aadit Palicha

Zepto, the $5-billion quick commerce company, was started with a WhatsApp group, Co-founder and CEO Aadit Palicha revealed. He said that they spoke to customers and made tweaks to the company's model for a year before building the first version of Zepto. After Zepto reached a "meaningful scale", Palicha and Co-founder Kaivalya Vohra decided to drop out of Stanford University.

Ola’s Bhavish Aggarwal backs Piyush Goyal’s call for deeper tech innovation

Economic Times

Economic Times · 4m ago

Ola’s Bhavish Aggarwal backs Piyush Goyal’s call for deeper tech innovation

Ola founder Bhavish Aggarwal supports Minister Piyush Goyal's call for deeper tech innovation among India's startups, urging a shift away from consumer tech towards sectors like AI and material sciences. The comment sparked debate, with some defending India's startup success, highlighting achievements like Zepto's employment impact. Critics like Mohandas Pai questioned the minister's critique, citing China's vast startup investments compared to India's, and urged government support for tech advancement.

Burning foreign capital to dismantle local stores not innovation: BJP MP to Zepto's Aadit

Inshorts · 4m ago

Burning foreign capital to dismantle local stores not innovation: BJP MP to Zepto's Aadit

BJP MP Praveen Khandelwal criticised Zepto CEO Aadit Palicha, who responded to Union Minister Piyush Goyal's criticism on Indian start-ups, saying his company created jobs and paid ₹1,000 crore in tax. "Claiming to create jobs and pay taxes while burning foreign capital to dismantle India's small neighborhood kirana stores is not innovation," Khandelwal, who is also CAIT's Secretary-General, said.

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