Zepto CEO Aadit Palicha refuted claims made by Zomato CEO Deepinder Goyal regarding Zepto’s financial losses. On March 4, Palicha responded to a statement from Goyal that was published in a news report, which suggested that the quick commerce sector was burning ₹5,000 crore per quarter, with Zepto accounting for “substantially more than half” of that amount. According to Goyal’s statement, Zepto was losing ₹2,500 crore per quarter—a claim Palicha dismissed as untrue. Watch!
6 Mar 2025India’s largest retail distributor group, All India Consumer Products Distributors Federation (AICPDF), which represents 400,000 distributors for major companies like Nestle and Hindustan Unilever, has urged the Competition Commission of India (CCI) to investigate quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart for allegedly offering deep discounts that hurt traditional retailers. What is predatory pricing? Watch!
21 Oct 2024Blinkit has introduced a 10-minute return and exchange service for clothing and footwear in select Indian cities. The move aims to address common online shopping concerns, such as size and fit issues. Albinder Dhindsa, co-founder of Blinkit, announced the new feature on the social media platform X, highlighting its potential to improve the shopping experience for consumers. Will this be a big hit to Ajio, Myntra, Flipkart and other e-commerce websites? Watch!
17 Oct 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared