India’s first teenager to earn 1000 crores
Kaivalya Vohra is the first teenager in India who has assets of more than 1,000 crores. Vohra co-founded Zepto with Adit Palicha in the year 2020. Within a year, the company’s valuation has jumped by more than 50 per cent. His venture was initially named Kiranakart, a platform that partnered with grocery stores for online delivery.
10 minute grocery delivery promise
Later its name was changed to Jopto. Zepto raised $60 million in funding in November 2021. The platform promised 10-minute grocery delivery. In another funding round in December, it raised $100 million. After which the price of this startup reached 570 million dollars. As of May this year, Zepto has received $200 million in funding, bringing its value to $900 million.
Both left their studies in the middle
Vohra and Palicha were Stanford University students. He later dropped out of his computer science course. Pallicha started her entrepreneurial journey at the age of 17. He started a service called Go-Pool in 2018. Which used to provide carpool service to the students. Prior to starting his startup, he was the Project Lead for an Artificial Intelligence (AI) based project on privacy policies.
Vohra and Palicha are childhood friends
Two childhood friends who grew up in Dubai launched the startup Kiranakart early in 2020. is an online platform that delivers groceries from local stores in Mumbai. It was operational from June 2020 to March 2021. He then launched Zepto in April 2021 and raised ₹60 million in an initial funding round in November.
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Youngest Start-up Founder
Both the young entrepreneurs are also the youngest start-up founders in the Hurun India Future Unicorn Index 2022. Vohra and Palicha’s inclusion in the list of India’s richest has been a reflection of the growing influence of startups in the country. The name zepto comes from a very small unit of time ‘zeptosecond’. Just like its name, Zepto promises to deliver grocery within minutes. This was later changed to “Delivery in minutes”.