Startup Mahakumbh 2025 is going on in Bharat Mandapam in New Delhi. Union Commerce and Industry Minister Piyush Goyal also attended the event. A new controversy has started due to India's comment on India's startup ecosystem. After his comment, Jepto's CEO Adit Palicha came to the rescue of the Indian startup. He has also posted a length on this and also questions the government on social media.
Let us explain in detail about this whole matter. Union Minister Piyush Goyal compared the startup landscape between India and China in the Startup Mahakumbh 2025, saying that should we aspire to become a delivery boy or girls, is our country happy in low -paid jobs? He said that instead we should pay more attention to technological development.
It is easy to Criticise Consumer Internet Startups in India, Especially when you compare them to the Deep Technical Excellence Being Built in Us/China. Using our example, the reality is this: there are almost 1.5 Lakh real people who are earning livelihoods on zepto today - a
- Aadit Palicha (@Aadit_Palicha) April 3, 2025
Questioning the startups, he said that the youth are being pushed towards cheap labor force. So that rich people can get food sitting at home. Along with this, he also said that we are proud of what India has done so far, but we have not been the best right now. Entrepreneurs have objected to the Union Minister.
On this, the CEO of Jepto replied and wrote and also took up many wars. He said that it is very easy to criticize Indian consumer internet startup. It is even easier to compare us with deep technical excellent in the US China. But the truth is that about 1.5 lakh people are earning through Jepto today.
This is a company that did not exist 3.5 years ago. The government pays Rs 1,000 crore tax every year, bringing FDI of more than one billion dollars, investing hundreds of crores in organizing India's backnd supply chains, it is not a miracle in Indian innovation, so I do not know what is honestly.
Jepto CEO Adit Palicha said that startups are not only giving jobs, but are also contributing to increasing innovation, technology and economy. Along with this, he may have emphasized the importance of employees like delivery staff, which is the backbone of this ecosystem. Why India does not have its own AI model.
On this, the CEO of Jepto questioned why India does not have its own big AI model? After this, he just said that this is because yet the best internet companies have not been formed in India. He said that the Government of India and the big investors of India need to work closely with the startup ecosystem and not to stop such teams which are working hard.
