What A Debut! Zepto's 19-YO Co-founder Kaivalya Vohra Becomes Youngest Indian In Rs 1,000-Crore Club
19 year old Kaivalya Vohra and 20 year old Aadit Palicha co-founded Zepto in 2021. Both the co-founders were students of Stanford, who decided to drop out of the university's computer science course to pursue entrepreneurship.
To make a debut in the Rs 1,000-crore net worth club is one thing. But entering it as the youngest Indian ever is simply another level of achievement. That's precisely what 19-year-old Kaivalya Vohra, the co-founder of quick grocery delivery app Zepto has managed to do.
19-year-old Kaivalya Vohra becomes the youngest Indian in Rs 1,000-crore club
The teenager has emerged as the youngest Indian to have a net worth of Rs 1,000 crore, as per the recently revealed IIFL Wealth Hurun India Rich List 2022.
His rank is 1,036 on the list.
Vohra co-founded Zepto with Aadit Palicha in the year 2020. Palicha, 20, ranks 950th on the list with a net worth of Rs 1,200 crore.
twitter/@v0hra
Vohra and Palicha were both students of Stanford who decided to drop out of the university's computer science course to pursue entrepreneurship. Before Zepto, they had started KiranaKart in 2020, a platform that partnered with kiranas (grocery stores) for online delivery.
Named after 'zeptosecond,' an extremely small unit of time, the startup Zepto promises to deliver groceries in minutes. Co-founders Vohra and Palicha founded the firm after they returned to India with a plan to build a quick commerce company. At its launch, the platform guaranteed a 10-minute delivery. However, it was later changed to "delivery in minutes," as per a Business Standard report.
The competition in the world of quick grocery delivery has been heating up in India. Zepto is competing with the likes of Zomato-acquired Blinkit, Dunzo and Swiggy Instamart, who are already present and plan to keep expanding.
Also Read: 79YO Indian Techie Ashok Soota Launches His Third Startup
Zepto promises to deliver groceries in minutes, plus more about the startup
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Zepto is headquartered in Mumbai with a presence across 10 major cities in the country.
It has more than 1,000 employees and delivers over 3,000 products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10 minutes.
Beyond grocery, Zepto also introduced a cafe offering that allows customers to order Coffee, Chai, and other Caf¨¦ items, along with their groceries,
as per the company's Linkedin profile,
In May 2022, their startup Zepto, which they founded in 2021, had raised $200 million from a round led by YC Continuity Fund. After the investment, the start-up nearly doubled its valuation to hit the $900 million mark. The Series-D funding round also involved Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom.
Also Read: 50 Successful Indian Entrepreneurs Launch 'Bharat Founders Fund'
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