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News on Medial
Burning foreign capital to dismantle local stores not innovation: BJP MP to Zepto's Aadit
Inshorts
·
4m ago
Medial
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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Zepto CEO Aadit responds to viral post about his company's 'toxic work culture'
Inshorts
·
8m ago
Medial
Zepto CEO Aadit Palicha responded to the viral Reddit post by an employee about Zepto's alleged "toxic work culture". "I have nothing against work-life balance. In fact, I recommend it to all our competitors...FYI, not my quote - read it from an interview of Daksh Gupta," Aadit posted on X. Notably, Greptile's CEO Daksh Gupta has defended 84-hour work week.
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How Zepto Revolutionized the Grocery Delivery Market in India
VCCircle
·
1y ago
Medial
Zepto, a hyperlocal grocery delivery startup in India, has disrupted the market with its promise of delivering groceries to customers' doorsteps within 10 minutes. Founded by Aadit Palicha and Kaivalya Vohra, Zepto uses mini-warehouses called dark stores strategically placed across cities, along with efficient logistics and tech-powered precision, to ensure speedy deliveries. Within a year of launch, Zepto expanded to 10 major cities in India, attracting time-starved urban customers. Despite facing skepticism and competition from industry giants, Zepto's customer-centric approach and operational excellence have propelled its success and inspired innovation beyond groceries.
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Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership
Internet
·
3m ago
Medial
Zepto's founders, Aadit Palicha and Kaivalya Vohra, are negotiating a Rs 1,500 crore structured debt deal with Edelweiss and others to boost Indian ownership before an IPO. The funds will acquire shares from foreign investors, raising domestic ownership to over 30%. This move aligns with FDI regulations and enhances IPO eligibility. A $250 million secondary transaction is also underway. Zepto aims for profitability while reduci...
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Aadit Palicha Shares Zepto’s Growth Figures: Annualised GOV Nears $4B, Operational Burns Drop 50%
OutlookIndia
·
4m ago
Medial
Zepto's CEO, Aadit Palicha, announced that the company is nearing $4 billion in annualized Gross Order Value (GOV), representing a 300% year-on-year growth. Since January, their GOV increased by 30%. Additionally, Zepto has reduced its operational burns for EBITDA and operating cash flow by 50%. With dark stores approaching EBITDA breakeven, the company plans to increase Indian investor ownership before an IPO, aiming to raise their current 33% stake to around 50%.
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Zepto gets close to $4 billion in annualised gross order value
YourStory
·
4m ago
Medial
Zepto, a quick commerce unicorn, is nearing $4 billion in annualized gross order value, with year-over-year growth of 4x and a 30% rise since January. CEO Aadit Palicha expressed confidence in reaching EBITDA and OCF breakeven soon, noting a 50% reduction in cash flow burn. Zepto's newly launched dark stores are nearing EBITDA breakeven. The company includes fruits, vegetables, subscriptions, and advertising in its gross order value and plans new customer acquisition strategies.
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Zepto’s cash burn rises to ₹250 cr/month, 6x more than May: Report
Money Control
·
8m ago
Medial
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.
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After Pai, Zepto’s Aadit Palicha Reacts to Minister Goyal’s ‘Dukaandari’ Remark
OutlookIndia
·
4m ago
Medial
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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Work-life balance: Zepto CEO Aadit Palicha says company's fast paced culture not for everyone
Economic Times
·
3m ago
Medial
Zepto CEO Aadit Palicha emphasizes the company's high-performance culture, highlighting it's not suited for those seeking traditional work-life balance. Speaking with Y Combinator’s Garry Tan, he reiterated that Zepto's environment is ideal for the "super ambitious" who wish to push their limits. With over 3,000 corporate employees, Palicha acknowledges not everyone can work relentlessly. He aspires to inspire a transformative internet revolution in India, similar to SpaceX’s mission-driven culture.
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Zepto strengthens footprint with more than 20 dark stores operational in Tamil Nadu
Economic Times
·
5m ago
Medial
Zepto has expanded its operations in Tamil Nadu, covering areas beyond Chennai like Coimbatore, Tiruchirappalli, Madurai, Vellore, and Salem. It now operates over 20 dark stores in the region, strategically placed to optimize delivery routes and maintain a 10-minute delivery promise. This expansion helps provide fresh produce from local farmers and creates opportunities for local businesses. Zepto's initiatives focus on enhancing delivery speed, quality, and affordability within a 2-3 km radius.
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Zepto FDI laws compliant, aims to be majority India-owned: Aadit Palicha
Economic Times
·
8m ago
Medial
Indian quick-commerce firm Zepto has raised $350 million in new funding, with the aim of becoming a majority-owned Indian company. CEO Aadit Palicha stressed that Zepto is not out to compete with traditional kirana stores and mom-and-pop shops, but rather aims to be a "net-job creator" and a valuable part of India's consumption story. Zepto has experienced rapid growth fueled by cash burn, but Palicha believes that profitability will be achieved as more dark stores become profitable. The company also dismissed allegations of predatory pricing and emphasized its compliance with Indian regulations.
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