Zepto backs the Govt's move to drop '10-min' branding as "fair." This comes as Swiggy pushes to reclassify gig work as "flexible employment," urging policymakersZepto backs the Govt's move to drop '10-min' branding as "fair." This comes as Swiggy pushes to reclassify gig work as "flexible employment," urging policymakers

Zepto CEO Aadit Palicha backs Labour Ministry’s move to remove '10-minute' delivery branding

Zepto Co-Founder and CEO Aadit Palicha on Wednesday described the Labour Ministry's suggestion to remove the 10-minute delivery branding from quick commerce platforms as a fair one, stating that Zepto remains open to further inputs from the government to improve operations.

In a LinkedIn post, Palicha recounted a "wonderful meeting" with Labour Minister Mansukh Mandaviya, praising the ministry's support for the gig economy and hyperlocal commerce.

This conversation on the nature of the workforce aligns with broader industry sentiments expressed in January 2026. Speaking at the World Economic Forum (WEF) in Davos on January 20, 2026, Swiggy's Food Marketplace CEO Rohit Kapoor argued that delivery jobs should be reclassified, stating that "Gig sounds like a little bit of a fancy term, but the reality is it's flexible employment."

Also Read
Shadowfax CEO on navigating the gig work efficiency puzzle ahead of IPO

With government support, Zepto has created over 180,000 jobs for delivery partners and more than 40,000 positions for store personnel, truck drivers, and warehouse operators, Palicha noted. Highlighting the sheer scale of this "third pillar" of the job market, Kapoor revealed in January 2026 that almost 2.5 million people had worked on the Swiggy platform alone in the previous year. He emphasised that the workforce is not monolithic, comprising students, those seeking second incomes, and those treating it as a long-term livelihood.

"Our hope is to partner with the government and serve its initiatives in taking our country forward... We are not perfect, and we are always open to input from the government on how we can improve," Palicha stated.

"This is what we did recently when Mansukh ji gave us a good-faith suggestion to remove '10 minutes' from our branding. The minister was clear that his end goal is to keep growing the employment and economic mobility that platforms like ours generate, and his feedback was intended to help us do that seamlessly. That is why we are always happy to work with him on any of his suggestions," Palicha wrote.

Similarly, regarding government regulation, Kapoor welcomed the government's social security code in January 2026, calling it a step in the "right direction." However, he cautioned stakeholders to treat this sector differently from formal employment, warning that "The moment you apply the same parameters, you will end up throttling something which is truly different."

Delivery partners are the soul of Zepto, Palicha said, adding that the company disburses "thousands of crores" in payouts annually while providing "world-class service" to consumers and supporting farmers and new Indian brands through its platform.

Last week, Zepto, along with other major quick commerce firms like Blinkit, Swiggy Instamart, and Flipkart Minutes, scrapped the '10-minute' delivery branding following rising pressure from labour rights groups and the labour minister's directive.

The quick commerce unicorn has filed preliminary papers with markets regulator Sebi to raise Rs 11,000 crore through its initial public offering (IPO) using a confidential route, according to people in the know.

(With inputs from PTI)

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Botanix launches stBTC to deliver Bitcoin-native yield

Botanix launches stBTC to deliver Bitcoin-native yield

The post Botanix launches stBTC to deliver Bitcoin-native yield appeared on BitcoinEthereumNews.com. Botanix Labs has launched stBTC, a liquid staking token designed to turn Bitcoin into a yield-bearing asset by redistributing network gas fees directly to users. The protocol will begin yield accrual later this week, with its Genesis Vault scheduled to open on Sept. 25, capped at 50 BTC. The initiative marks one of the first attempts to generate Bitcoin-native yield without relying on inflationary token models or centralized custodians. stBTC works by allowing users to deposit Bitcoin into Botanix’s permissionless smart contract, receiving stBTC tokens that represent their share of the staking vault. As transactions occur, 50% of Botanix network gas fees, paid in BTC, flow back to stBTC holders. Over time, the value of stBTC increases relative to BTC, enabling users to redeem their original deposit plus yield. Botanix estimates early returns could reach 20–50% annually before stabilizing around 6–8%, a level similar to Ethereum staking but fully denominated in Bitcoin. Botanix says that security audits have been completed by Spearbit and Sigma Prime, and the protocol is built on the EIP-4626 vault standard, which also underpins Ethereum-based staking products. The company’s Spiderchain architecture, operated by 16 independent entities including Galaxy, Alchemy, and Fireblocks, secures the network. If adoption grows, Botanix argues the system could make Bitcoin a productive, composable asset for decentralized finance, while reinforcing network consensus. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/botanix-launches-stbtc
Share
BitcoinEthereumNews2025/09/18 02:37
XLM Price Prediction: Targets $0.25-$0.27 by February 2026

XLM Price Prediction: Targets $0.25-$0.27 by February 2026

The post XLM Price Prediction: Targets $0.25-$0.27 by February 2026 appeared on BitcoinEthereumNews.com. Ted Hisokawa Jan 23, 2026 05:42 Stellar (XLM) consolidates
Share
BitcoinEthereumNews2026/01/23 23:04
Will XRP Price Break Above $2 or Fall Below $1.80?

Will XRP Price Break Above $2 or Fall Below $1.80?

This article was first published on The Bit Journal. XRP price analysis.“XRP around at $1.91: Will It Explode or Implode?” XRP is teetering on the edge, approximately
Share
Coinstats2026/01/23 23:00