It is Inspirational, Adopting and Life Changing story of the founder and Co-Founder of Zepto Company. The story can be a game changing for reader if you have innovative idea and want to do something different in life.
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Zepto is a successful Indian startup, providing over 5000 products online. It assures users to deliver fresh and high-quality fruits and vegetables along with health and hygiene, cooking essentials, and other products within 10 minutes. Customers get products to their doorsteps in ten minutes and admire this platform’s service.
Is that the main Zepto success story? No, that’s the platform founded by two young co-founders. It is the story of a 19-year-old college dropout, who left a prestigious institute to build a unicorn company. Yes, Zepto got $200 million in funding at a valuation of $1.4 Billion and became the first Indian unicorn company in 2023. Let’s reveal more information about the co-founders and how this company began.
Aadit Palicha and Kaivalya Vohra were studying at the USA’s prestigious Stanford University. Aadit has been an entrepreneur from the beginning. He built the GoPool startup when he was only 17 years old. The young entrepreneur is also credited for initiating the AI project PryvaSee.
Aadit got the idea of Zepto when he was sitting with his friend and business partner “Kaivalya Vohra”. They both realized that Indian grocery delivery services take 1-2 days to ship online orders. They thought it was a big problem and it should be solved as soon as possible.
It was the 2nd wave of the COVID-19 pandemic when both Stanford students decided to establish the Zepto company. That’s how the Zepto founder story begins.
Being a Mumbaikar, Aadit founded the Zepto company in Mumbai. It was called KiranaKart in the beginning and this platform was delivering products within 45 minutes. The company was established in 2021 and the same year they changed the company name to Zepto.
While most youngsters worry about their college degree, relationships, friendships, and family, both co-founders left one of the world’s most prestigious colleges to start their own business. Both worked 24-7 on the Zepto platform to make it a successful startup, which it became.
This company has been around for almost 3 years and it has become a unicorn startup. It had delivered over 10 lakh orders during 2021. The company is growing exponentially and it will soon reach new cities in the country.
Zepto has been in the news for the last two years. Since this platform serves limited cities in the country, a lot of people want to know what is Zepto. It is a Mumbai-based startup that delivers groceries, fresh vegetables, fruits, and various other products to customers’ doorsteps in just 10 minutes.
The company got $200 million in funding in 2023 and it must be doing something impressive to lure investors. So, what is Zepto business model?
This startup follows a business model, known as “Dark Stores”. It requires establishing small warehouses and filling them with customer orders. The platform users get access to all the products with a promise of same-day delivery or in-store pickup.
Zepto is capable of delivering over 2500 products in 10 minutes. It is improving delivery efficiency to maintain customers’ trust. Therefore, this platform is growing rapidly.
Education: Became an inspiration for millions of young Indians, Aadit Palicha is a Mumbai-based entrepreneur. He went to Stanford University to become a computer engineer. That’s commonly available information on the Zepto founder education.
It was not his fate because he became a co-founder of one of India’s most successful startups.
Education: The other Zepto co-founder and the chief technology officer of the Zepto platform, Kaivalya Vohra is a successful entrepreneur. He was studying at Stanford University with Aadit when both decided to establish the Zepto Company.
The Zepto founder Kaivalya Vohra also left his studies to build Zepto and his dedication worked. Kaivalya became one of the youngest Indian Billionaires listed on the IIFL Wealth Harun India Rich List in 2022 along with Aadit Palicha.
Hershel Mehta, who invested early in Zepto, has also invested in two other Unicorn Startups.
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A: StepStone Group and Goodwater Capital is a US-based investment firm, which has invested $200 million in Zepto.
A: This platform is currently delivering fruits, veggies, groceries, and other products in 10 cities in India.
A: Zepto has over 200 Dark stores in various cities in India.
A: Zepto is an online vegetable and grocery delivery company that also provides other household items online.
A: Yes, Zepto is a unicorn company.
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Conclusion
The Zepto success story is going to encourage thousands of Indian professionals to chase their dreams. Its co-founders Aadit Palicha and Kaivalya Vohra took the risk of dropping out of Stanford and established a $1.4 billion company. It may soon reach new cities and increase its market cap rapidly.
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