Jobaaj Stories
The young duo Aadit Palicha and Kaivalya Vohra made headlines when they got listed as the youngest and the self-made individuals in the Hurun rich list of 2022.
Apart from their age, the most transitioning accomplishment of these founders is changing the game of grocery delivery by offering it within 10 minutes.
At an age when most youths are confused about their careers, these childhood friends dropped out of the prestigious Stanford college and marched towards accomplishing the highest milestones of their lives.
Starting an organization at a young age is no child's play; a battle of wits, willpower and persistence will determine one's success.
The founders of Zepto are no different from other ambitious individuals who started their businesses. Their story about their transition from college to startup life is a motivation.
They started Zepto in 2021 in Mumbai and now have surpassed most of its competitors while operating in around ten cities today.
Having conviction in the end product
The founders failed in their starting venture Kiranakart, but never lost their faith, and in turn, accomplished a more efficient application Zepto.
Kaivalya considered, "We worked so hard because we were enthusiastic about the product. We appear to be more concerned with making Zepto a bigger player in people's minds than with our advancements, even though we believe the product will be interesting and transform the way people buy groceries today."
Marching towards being the youngest Unicorn
In terms of funding, the youth raised around $60 million in the early funding stage through Lachy Groom, Nexus, Glade Brook and Y Combinator.
Moreover, with the last funding of $200 million for a valuation of $900 million and an addition of a new investor Kaiser Permanent, the startup is on the verge of becoming a Unicorn in 2023.
Further, this ambitious combo is in a race to make Zepto the biggest Q-Commerce in India. Palicha's NPS of 88-points, 14% rider retention, and 60% monthly buyer retention made a clear road for the organization to achieve the same.
Future Plans
Moving on, the founders also wish to expand more in the segment of quick commerce. According to Palicha," When it concerns 10-minute delivery, we are particularly interested in establishing a presence in the top 30 cities in India."
Furthermore, they have initiated the pilot of Zepto cafe in the Mumbai region, focusing on delivering the chai and coffee of some hand-picked brands. If the pilot comes together, there will surely be another transition in the e-commerce space and feasibility.
-Charu Kapoor
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