The increasing demand for convenience and fast delivery has made the grocery delivery industry witness a never-seen-before pressure to build some smart applications for consumers. People can now order groceries from the comfort of their homes through mobile apps, which has clearly eliminated the need to visit physical stores. However, the competition in this ever-growing industry is filled with a lot of competitors.
Numerous companies, including Blinkit, Weezy, Gorillas, Jokr, Swiggy Instamart, Grofers, Zepto, and many more, are competing in this space, aiming to reduce delivery time to 10-15 minutes. In recent times, Zepto has been among the companies striving to provide quick and efficient grocery delivery services, catering to the growing digital demands of consumers worldwide.
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Kaivalya Vohra and Aadit Palicha founded the company. Both of them are currently 22 years old and are one of India's youngest billionaires. Today, we are going to talk about the personal and professional lives of Kaivalya, as he often makes it to the headlines. So, without further ado, let's get straight into it!
The young billionaire businessman, Kaivalya Vohra is the co-founder and CTO of Zepto. In only a few years, he has made Zepto a prominent grocery delivery app in India. Kaivalya's achievements as an entrepreneur have gained a lot of attention.
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According to a report in the Economic Times, it was in 2022 that Kaivalya was recognised as one of the youngest Indian billionaires on the IIFL Wealth Hurun India Rich List. Not only this, Kaivalya even featured on Forbes' prestigious 30 under 30 Asia list.
Not a lot of people are aware of the fact that Kaivalya Vohra's Zepto is a perfect example of the famous saying, "Neccesity is the mother of invention". It was 2021, and the entire world was fighting the battle of life and death against the life-threatening COVID-19 virus. During the challenging times of the COVID-19 pandemic, Kaivalya, along with Aadit Palicha launched the grocery delivery app, Zepto.
At a time when people were scared to step out of their homes, Zepto came as a rescue for them. As a result, Kaivalya Vohra and Aadit Palicha's Zepto quickly emerged as a leading platform in the e-grocery segment. At the mere age of 19, what Kaivalya has done is quite an inspirational and clear example of the phrase 'age is just a number'.
One of the biggest reasons behind the mammoth success of Kaivalya Vohra is his strong educational background. Although not much info is on the internet about his schooling but as per multiple reports, he was a really bright student. Talking about his higher education, he went to the prestigious Stanford University in the US in order to study computer science.
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When the COVID-19 pandemic hit the world, Kaivalya Vohra and his batchmate, Aadit Palicha, decided to take on their entrepreneurial journey. The duo were in the US, but after their college started taking online classes, they returned to India and took a one-year break from their graduation to take their chance at entrepreneurship. After having a discussion with their respective families, although their parents were quite sceptical about their idea of doing business in the middle of the pandemic, they allowed their kids to cook their ideas. As a result, Kaivalya Vohra and Aadit Palicha founded Kiranakart Technologies Private Limited in 2020 and started delivering groceries and stuff across Mumbai.
By the end of their gap year, Kaivalya Vohra and Aadit Palicha had created enough profit that it was an easy choice for the boys to continue working on their company instead of going back to the classrooms of their college. After almost a year, Kaivalya Vohra and Aadit Palicha launched Zepto in 2021, which was an extension of their parent company, Kiranakart Technologies, and they started operating in cities like Delhi, Chennai, Bengaluru, Lucknow, and more.
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In 2021, Zepto was worth Rs. 4,700 crores and after Kaivalya Vohra and Aadit Palicha managed to bring an investment of around Rs. 1,650 crore, the company was valued at Rs. 7,400 crore in 2022. Since then, there have been no signs of slowing down for Zepto as it continues to expand its web across India. In 2022, Zepto's founders, Kaivalya and Aadit, also earned a spot on the IIFL Wealth Hurun India Rich List, which was indeed a proud moment for the young billionaires.
As per multiple reports, Zepto's co-founder, Kaivalya Vohra sits at the 1,036th spot in IIFL Wealth Huran India Rich List with an estimated net worth of Rs. 1,000 crores. At the mere age of 20, it is astonishing the way Kaivalya has managed to build a net worth as mammoth as this.
Well, we are in awe of Kaivalya Vohra's vision and ideas at such a young age, and it'll be amazing to see how he grows in the future as an entrepreneur. What are your thoughts about him? Let us know.
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