In May 2022, Zepto managed to acquire $200 million from a transaction that was handled by YC Continuity Fund.
Zepto has raised $200 million at a 1.4 billion dollar value (about Rs. 11,556 crore). The company, founded in 2021, has become the country's first unicorn in 2023. Aadit Palicha and Kaivalya Vohra, who had left their engineering programme in the United States to start their own business, created the corporation.
The CEO of the online grocery retailer Zepto, whose worth exceeded Rs 7,300 crore in 2022, is 21-year-old Aadit Palicha. However, that is not the most striking part. The most notable aspect is that Zepto wasn't introduced until 2021, following the COVID-19 epidemic, meaning the corporation went from absolute nil to multi-crore in a matter of months.
Aadit Palicha, who was born in 2001 in Mumbai, started his business career at the age of barely 17. After starting a company called GoPool, he enrolled at Stanford University in the US to study computer engineering. He did, however, leave the programme in the middle to start his company. He was taking a significant professional risk he was taking but luck favoured him.
Aadit and his friend Kaivalya Vohra created the online grocery delivery service Zepto in April 2021. The startup was valued at $200 million after one month of operation. During the Corona crisis, he started this business with the goal of providing goods in 10 minutes.
Before Zepto, a startup launched by them failed as they couldn't find a product market fit.
Zepto delivers grocery items within minutes. The company is headquartered in Mumbai.
Kaivalya Vohra is also a Stanford dropout. He was raised in Dubai. His net worth is Rs 1000 crore. He is the youngest co-founder of a unicorn in India.
Palicha's net worth in 2022 was Rs 1200 crore.
Their net worths are bound to rise after the latest funding round.
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