Q&A with Zepto CEO Aadit Palicha on raising a new $350M round, the narrative that quick commerce is hurting grocery stores, industry pay structure, and more
They have leveraged 10 min delivery as the go-to market strategy to compete in an impossible & established sector. — More thoughts from my blog post a couple of years ago. — thestartupproject.io/2022/05/09/ w... … X: Chandra R. Srikanth / @chandrarsrikant : 🚨 A candid and detailed interview with Zepto founder Aadit Palicha Headlines “We are in spirit an Indian company. This is not Amazon or Walmart.” “We're going to become Indian owned next year. We're not strategically controlled by Americans” “We would like to just say that we, CA Akhil Pachori / @akhilpachori : Claiming Zepto as a “purely Indian” company glosses over reality. With major backers like General Catalyst and Nexus Venture Partners, foreign capital drives its growth. Shouldn't leaders celebrate the hybrid model rather than misrepresent facts? https://www.moneycontrol.com/ ... Chandra R. Srikanth / @chandrarsrikant : 🚨 MC Interview: Zepto founder Aadit Palicha denies killing kiranas, says quick commerce will create more jobs than Indian Railways..says Zepto is Indian unlike Amazon or Flipkart parent Walmart Detailed interview With @Goenka_Tushar1 https://www.moneycontrol.com/ ... via LinkedIn: Saurya Prakash Sinha : Zepto cap table - less than 1% ownership with each founder and 6-8% each with their UAE based family members. Looks like highly optimized tax structuring in case of a liquidity event (IPO). …