Summary: Zomato CEO Deepinder Goyal stated that India’s quick commerce sector burns about Rs 5,000 crore per quarter, with Blinkit contributing only a small share (2-3%). He also claimed that rival Zepto accounts for over Rs 2,500 crore, more than half of the total.
Zepto CEO Aadit Palicha rejected Goyal’s claim, calling it “verifiably untrue” in a LinkedIn post. Palicha described Goyal as a role model for the startup ecosystem but suggested the statement may have been an honest mistake.
The quick commerce industry remains highly competitive and cash-intensive, with companies like Blinkit, Zepto, and Swiggy Instamart battling for market share.
India’s quick commerce sector is collectively burning close to Rs 5,000 crore every quarter, according to Zomato founder and CEO Deepinder Goyal. In an interview with The Economic Times, Goyal noted that Blinkit, Zomato’s quick commerce arm, contributes only 2–3% to this total.
However, it was Goyal’s comments on rival Zepto that sparked debate. The Zomato chief claimed that Zepto alone accounts for over Rs 2,500 crore — “substantially more than half” of the sector’s total cash burn.
Zepto’s co-founder and CEO Aadit Palicha strongly refuted these figures in a LinkedIn post, calling them “verifiably untrue.”
“I know Deepinder, and I know he has only good intentions; this quote could have been an honest mistake,” Palicha wrote.
Palicha also acknowledged Goyal’s influence on India’s startup ecosystem, describing him as a “role model” and someone he has personally learned from over the years.
“Deepinder started Zomato when I was five years old, and I have personally read all of his blogs. It’s a privilege to learn from and compete with Zomato,” Palicha added.
The quick commerce space in India has become increasingly competitive, with players like Blinkit, Zepto, and Swiggy’s Instamart vying for dominance in the ultra-fast delivery segment — a battle that continues to come with heavy financial costs.
Check out more on Startup News and Startup Funding News. Stay connected with us across all our social media platforms: Facebook, Instagram, LinkedIn, X (formerly Twitter), Google news and Join Our Community.
Last Updated on Thursday, March 6, 2025 1:36 pm by Sai Jyothi
About The Author
