Zepto CEO Aadit Palicha responded to Piyush Goyal's remarks at Startup Mahakumbh 2025, criticizing the unavailability of strong internet companies in India.
Palicha pointed out that India lags in technological revolutions due to the absence of large-scale foundational AI models.
He emphasized the need to build great local internet champions to drive innovation and long-term technological growth.
Former Infosys CFO Mohandas Pai also questioned the availability of capital for small deep tech startups in India, supporting them against Goyal's remarks.