Aadit Palicha, co-founder and CEO of Zepto, discusses quick commerce market penetration in India.
Disclosure
Palicha: Most Zepto dark stores are currently profitable
“You know, to be honest with you, most of our stores make money today.”
Assertion Supported
Palicha: Zepto reached over 5,000 crore INR sales in 24 months
“And yeah, from July, 21 to today, like about 24 months, went from about zero to like today north of 5000 crores in sales.”
Insight
Palicha: Despite dropping out, I advise students to stay in college
“Like, to be honest with you, like, if I was, like, I would actually, like, most people ask me, okay, you know, you guys dropped out of college. Should we drop out of college? I say, no, don't drop out of college. Like, stay in college.”
What-if
Palicha: Zepto wouldn't exist without his intensely competitive school environment
“I don't think I would have even tried to do what I'm trying to do right now. If it wasn't for that, like, somewhat, and I agree with you, somewhat, like, semi-toxic, like, aggressive line of sight.”
Assertion Supported
Palicha: Contrary Capital invested $50k in Zepto at $2.5M valuation
“So he, so they, so he gave us basically a 50 K USD at a two and a half million valuation.”
Disclosure
Palicha: Zepto co-founders retain about 25% combined equity
“I mean, so the two of us own about 25%.”