In today’s eZizz Spotlight, we’ll unravel the story behind Zepto, the renowned quick commerce, and introduce you to Aadit Palicha, one of the co-founders responsible for its success.
Aadit Palicha, born in 2001 in Mumbai, wrapped up his schooling in India and later ventured to the United States with aspirations of acquiring a degree in Computer Science from the renowned Stanford University. However, halfway through the program, Palicha, along with Kaivalya Vohra, made the bold decision to leave their academic pursuits behind and dive headfirst into the world of entrepreneurship.
|Born||15 October 2001, Mumbai, India|
|Net Worth||Rs. 1,200 crores|
|Achievements||IIFL Wealth Hurun India Rich List in 2022|
|Company Valuation`||$1.4 Billion|
|Social Media Handles||Instagram : @a.palicha , Twitter : @aadit_palicha , Linkedin : Aadit Palicha|
Aadit Palicha Net Worth 2023
In the 2022 IIFL Wealth Hurun India Rich List, Aadit Palicha is positioned at 950th place with a net worth estimated at Rs 1,200 crore. Meanwhile, his business partner Kaivalya Vohra is at the 1,036th spot, boasting a net worth of around Rs 1,000 crore. This list highlights their substantial net worth, showcasing their financial success in the business world.
Aadit Palicha Awards & Achievements
Zepto has just made history by becoming the first Indian unicorn of 2023, as Business Line reported. This major achievement happened because of a really successful funding event called Series E, where they got a huge $200 million (that’s roughly Rs 1,664 crore). Now, the whole company is worth an impressive $1.4 billion, or about Rs 11,650 crore. The main force behind this big financial boost is the US company StepStone Group.
The founders of Zepto, Aadit Palicha and Kaivalya Vohra, have some big plans—they want to make Zepto a public company by 2025. To make that happen, they’re going to use the new money to help Zepto get even bigger by reaching into new markets. Zepto already has some important supporters, like Glade Brook Capital, Nexus Venture Partners, and Lachy Groom. And in this recent funding round, a new supporter, Goodwater Capital, joined in. So, things are looking very exciting for Zepto’s future!
Looking back, Aadit Palicha and Kaivalya Vohra started Zepto in April 2021, after closing down KiranaKart. Even though they began the company during the pandemic, Zepto became a huge success really quickly. Just a month after it started, Zepto was worth $200 million, which is about Rs 1,664 crore. In only five months, the company’s worth shot up to $570 million. This success got the founders a spot on the IIFL Wealth Hurun India Rich List in 2022.
According to DNA, a news source, Zepto gathered a whopping $200 million in May 2022, making the company worth an impressive $900 million, or about Rs 7,489 crore. This fast growth and big investment show how Zepto has had an amazing journey in the e-grocery business.