India, March 4 -- Zepto CEO Aadit Palicha has said he has immense respect for Deepinder Goyal while refuting the Zomato CEO's claims about his startup burning money. In a LinkedIn post shared this afternoon, Palicha revealed he was only 5-years-old when Goyal launched Zomato.

The co-founder and CEO of Zepto refuted Deepinder Goyal's claim that his quick commerce company is burning Rs.2,500 crore per quarter. "This statement is verifiably untrue and it will be clear when we publicly file our financial statements," Palicha, who is now in his early 20s, said in his LinkedIn post.

Palicha's clarification comes after Deepinder Goyal told the Economics Times that the quick commerce sector in India is burning Rs.5,000 crore per quarter, of whi...