Aadit Palicha, co-founder and CEO of Zepto, discusses the long-term journey of building Zepto into an enduring institution in the Indian grocery delivery market.
Prediction Not checkable as stated
Aadit Palicha predicts India's largest internet business will be online grocery
“If anyone can build the largest business in internet in the country, it'll be online grocery.”
Assertion Not checkable as stated
Aadit Palicha says Zepto's mature dark stores are fully cash flow positive
“We're sitting in a world where our mature dark stores are fully loaded, you know, turning fully loaded cashflow positive without exaggeration. And I know there's a lot of, you know, creativity in what's above and below, you know, those numbers, you know, can I…”
Assertion Not checkable as stated
Zepto dark stores achieve profitability faster than traditional Indian supermarkets
“If you look at Nielsen's data, the average time it takes for a DMART, Reliance Fresh, more retail, Spencer's retail, et cetera, all, I mean, all companies that we have a lot of respect for, take some 18 to 24 months to turn a new supermarket profitable. We're …”
Prediction Not checkable as stated
Aadit Palicha predicts Zepto can reach a $30B to $40B valuation
“Both Kevali and I wake up every morning knowing that if we make the right decisions, we're sitting on that DMART level outcome of building a 30, forty billion dollar company.”
Assertion Supported
Zepto hit thousands of crores in annualized sales in just 17 months
“So look, I mean, we went from zero rupees in, in sales to thousands of crores of annual sales in the span of 1617 months.”
Assertion Partly supported
Aadit Palicha claims DMart's sales are less than 10x Zepto's sales
“And they are, you know, less than 10 X our size in sales, and we are growing multiples every year.”