The startup world, he continued, was set to enter into a funding winter, the heyday of easy flowing money was over, and raising hefty rounds of funding would be a thing of the past. It can’t be growth at all cost now,” he delivered a piece of advice to Palicha, who was jolted out from his fairytale funding journey. “The bank is collapsing.” Zepto had $30 million parked in Silicon Valley Bank. “Zepto is proving it can do both,” Dardenne says.Palicha, meanwhile, says he has a lot on his plate. Zepto, and Palicha, will now have to walk the talk and deliver on the promise of running a profitable venture.

Source: Forbes January 05, 2024 18:58 UTC