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

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Schools reach out to Canvas hackers as breach hits US classrooms

A cybercriminal group, ShinyHunters, stole vast amounts of student data from the educational platform Canvas. Some affected schools and uni...