Monday, May 26, 2025

Zepto founder Aadit Palicha alleges smear campaign by rival CFO as quick commerce race heats up

Zepto's cofounder, Aadit Palicha, accused a rival company's CFO of orchestrating a smear campaign by spreading false information to investors and media. Palicha defends Zepto's financial health, citing significant growth in gross order value and Ebdita improvement. He asserts the company's strong cash position and denies plans for large-scale store closures.

from Tech-Economic Times https://ift.tt/TeQjyMh

No comments:

Post a Comment

With Nvidia's second-best AI chips headed for China, the US shifts priorities from security to trade

The US has allowed Nvidia to sell powerful AI chips to China in return for a share of the profits. This shift weakens export controls and ri...