Zepto CEO Praises Modi Govt for Boosting Growth of Start-ups

Aadit Palicha, Co-Founder & CEO of Zepto attributes the creating 'enabling' atmosphere by the Modi government for the mushrooming of start-ups and augurs optimism on the part of greenhorn businesses powering the next phase of growth.

Speaking to the media persons on the sidelines of the NDTV World Summit, Aadit Palicha said that "this is India's century. Thanks to the government's work in providing infrastructure needed to build such exceptional companies, we are working hard to create impactful businesses here in India that will employ hundreds and thousands of people and contribute to the country's economy.".

He admitted the encouraging start-up environment in India by saying, "We are lucky to be in a country that is full of possibilities and a government that supports innovation. Most of the start-up ecosystem has grown up in this last ten years, from 2012 to 2024."

Palicha said that the good-quality companies would have emerged in the public market and added, "Success comes from investments, tech, and digital infrastructure that has enabled us to do what we want.".

At Zepto, most of our transactions are on UPI. And that's how initiatives like these have actually supported our growth," he noted.
He adds that the ability to give great consumer experiences, attract talent and capital is what has helped Zepto grow.
"With huge outcomes now visible in public markets, we expect more capital and investment to flow into the next wave of startups, spurring innovation, value creation, and high-quality job opportunities," said Palicha.

This cycle of innovation and job creation is the lifeblood of any developed economy, he said, adding, "With the first significant outcomes unfolding in public markets, we expect capital and investment to flow into the next stage of startups, creating a cycle of increased innovation, value, and high-quality job creation.".

India is doing very well on its path to achieve this in the next 20 to 25 years, he added.

"We're pleased to see representation for tech startups and we hope to encourage more entrepreneurs to start technology companies in India. This growth will benefit everybody," concludes Palicha.