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Zepto CEO optimistic about IPO in 2025; says claims of quick comm hurting Kiranas not data-backed

Economic TimesEconomic Times · 1m
Zepto CEO optimistic about IPO in 2025; says claims of quick comm hurting Kiranas not data-backed

Zepto, a quick commerce company in India, has secured $350 million in funding and aims to become a fully Indian-owned entity. The co-founder and CEO, Aadit Palicha, expressed optimism about an IPO in 2025. Palicha defended the quick commerce model against allegations of disrupting traditional kirana stores, arguing that it has created jobs and provided value to consumers and workers. Zepto plans to expand to over 50 cities and expects to reach a billion dollars in top-line revenue soon. The company is targeting profitability in the next financial year and is seeing success with Zepto Cafe. Palicha also welcomed competition, stating that the market has plenty of room for everyone.

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Abhishek Kushwaha
Abhishek Kushwaha

Just right

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1 month ago

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