ISN Exclusive: Aadit Palicha-led Zepto’s chief expansion officer Roshan Shaikh resigns

Zepto has been on a cost cutting spree. The company has reportedly let go of over 300 people and reducing expenses on all fronts.

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Now the latest development is that, Roshan Shaikh, Chief Expansion Officer, Zepto has quit after spending about four years at the quick commerce giant, sources privy to confidential information have told IndianStartupNews (ISN).

Shaikh was an early employee at Zepto and was spearheading the company’s expansion into various cities, setting up dark stores, sorting out office spaces and more.

As his role suggests, he was a key player in expanding Zepto’s reach across the country. ISN couldn’t ascertain the reason for his departure and where he is headed next.

Zepto chose not to reply to ISN’s queries.

This comes shortly after Zepto raised $450 million in a fresh funding round led by the United States pension fund California Public Employees’ Retirement System (CalPERS) and other internal investors.

Aadit Palicha, CEO & Co-founder at Zepto, said, “This financing is a reflection of our team’s execution to grow the business rapidly while consistently building operating leverage. We now have approximately $900M of net cash in bank and more than well-capitalised for the future.”

Zepto reported revenue of nearly Rs 11,110 crore in the financial year 2025 (FY25), marking a 150% increase from Rs 4,454.5 crore in FY24.

It’s worth noting that Amazon India and Flipkart have already entered the quick commerce space, further intensifying competition for existing players such as Swiggy Instamart, Zepto, and Blinkit.