Zepto CEO Defends Quick Commerce, Claims More Jobs Created Than Indian Railways; Raises $350 Million, Launches M-Now in Bengaluru

Aadit Palicha, CEO of Zepto, has defended the quick commerce model against concerns that it negatively impacts traditional kirana stores. In a recent statement, he claimed that quick commerce not only does not harm these local grocery stores but also creates more jobs than the Indian Railways. Palicha emphasized that the quick commerce sector is reshaping retail by enabling faster deliveries and expanding job opportunities. Zepto is reportedly in the process of raising a new funding round of $350 million, which may further enhance its position in the market. Additionally, Myntra has announced its entry into the quick commerce space with a pilot program called 'M-Now' in select areas of Bengaluru, marking a significant move for the fashion retail sector in this rapidly evolving industry.