At 19, This Entrepreneur is Youngest Indian to enter ₹ 1,000 Crore Club
New Delhi: The co-founders of the speedy delivery service Zepto, Kaivalya Vohra, and Aadit Palicha have made history by becoming the youngest businesspeople to appear on the IIFL Wealth-Hurun India Rich List 2022.
At the age of 19, Kaivalya is the youngest among the richest Indians. Kaivalya is ranked 1036 with a net worth of ₹ 1,000 crores on the Hurun list. Aadit Palicha is ranked 950 and has a net worth of ₹ 1,200 crores.
They had earlier featured in Forbes magazine’s influential “30 under 30 (Asia list)” in the e-commerce category.
Both the young entrepreneurs are also the youngest start-up founders in the Hurun India Future Unicorn Index 2022. The inclusion of Vohra and Palicha in the list of India’s richest indicates the growing influence of the country’s startups.
The Hurun India Future Unicorn Index 2022 lists both of these young business owners as the youngest start-up founders. Vohra and Palicha’s presence on the list of India’s wealthiest people demonstrates the growing impact of the nation’s entrepreneurs.
At 19, This Entrepreneur is Youngest Indian to enter ₹ 1,000 Crore Club
“A teen makes their list debut! Kaivalya Vohra, the 19-year-old founder of Zepto, is the youngest person on the list. The youngest was 37 10 years ago; today, they are 19; this shows the influence of the startup revolution,” according to the Hurun India Rich List.
Stanford University students Vohra and Palicha later quit their computer science course to focus on business. In 2021, the two friends founded Zepto in response to the growing need for contactless and speedy delivery of necessities during the pandemic.
Palicha started his entrepreneurial journey at the age of 17 when he founded a carpool service for students named GoPool in 2018. Before launching his startup, he was a project lead with PryvaSee, an Artificial Intelligence (AI) based project on privacy policies.
The two buddies from childhood, who grew up in Dubai, first started the business Kiranakart, an online platform that sent groceries from Mumbai-area shops. From June 2020 to March 2021, it was in use. After that, they introduced Zepto in April 2021 and in November completed the first investment round, raising $60 million. The rapid grocery delivery service platform raised an additional $100 million in December at a valuation of $570 million. In May of this year, Zepto raised $200 million at a valuation of $900 million in its most recent round of fundraising.
“Many have sight but few have vision.”
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