Zepto Kaivalya Vohra youngest Indian – Vohra stood on the 1,036th spot throughout the IIFL Wealth Hurun India Rich List 2022, with a internet value of Rs 1,000 crore
Nineteen-year-old Kaivalya Vohra, the founding father of quick grocery provide app Zepto, emerged as a result of the youngest Indian to have a internet value of over Rs 1,000 crore in a survey. He stood on the 1,036th spot throughout the IIFL Wealth Hurun India Rich List 2022, with a internet value of Rs 1,000 crore.
Vohra primarily based Zepto with Aadit Palicha in 2020. Palicha, 20, has moreover made it to the document with a internet worth of Rs 1,200 crore.
Zepto Kaivalya Vohra youngest Indian
In May, Zepto raised $200 million from a spherical led by YC Continuity Fund. After the funding, the start-up nearly doubled its valuation to hit the $900 million mark. In December, it was valued at $570 million.
Vohra completed his Bachelor’s diploma in Computer Science from Stanford University. Before Zepto, he had primarily based KiranaKart, one different grocery provide platform, in May 2020.
Named after ‘zeptosecond’, an particularly small unit of time, Zepto ensures grocery provide in minutes. Vohra and Palicha based mostly it after they returned to India with a plan to assemble a quick commerce agency. At its launch, the platform assured a 10-minute provide. However, it was later modified to “delivery in minutes”.
In 2023, Zomato is reportedly eyeing an enlargement in 24 cities in India. Currently, it operates in 11 cities. It might be eyeing around the clock provide in quite a lot of cities.
However, at present, Zepto has been coping with stiff rivals from Blinkit. Zomato acquired Blinkit at a valuation of $700 million in June. It was beforehand referred to as Grofers.
Dunzo and Swiggy’s Instamart are moreover among the many many report of their rivals.