At 19, This Entrepreneur Is Youngest Indian To Enter Rs 1,000 Crore Club

Zepto Grocery App Founder, 19, Becomes Youngest Indian To Enter Rs 1,000 Crore Club Hurun India Rich List

Kaivalya Vohra and Aadit Palicha have become the youngest to appear on the Hurun India Rich List 2022

New Delhi:

Kaivalya Vohra and Aadit Palicha, the co-founders of fast delivery startup Zepto, have become the youngest entrepreneurs to appear on the IIFL Wealth-Hurun India 2022 rich list. At the age of 19, Kaivalya is the youngest young among the richest Indians. Kaivalya is ranked 1036th with a net worth of Rs 1000 crore on the Hurun list. Aadit Palicha is ranked 950th and has a net worth of Rs 1,200 crore.

They had previously been featured in Forbes magazine’s influential “30 under 30 (Asia list)” in the e-commerce category.

Both young entrepreneurs are also the youngest startup founders in the Hurun India Future Unicorn 2022 index. The inclusion of Vohra and Palicha in India’s richest list indicates the growing influence of startups in the country.

“A teenager debuts the list! The youngest on the list is Kaivalya Vohra, 19, who founded Zepto. The youngest, ten years ago, was 37 and today he is 19, which indicates the impact of the startup revolution”, mentioned Hurun India Rich List.

Vohra and Palicha were students at Stanford University, who later dropped out of their computer science course and went into entrepreneurship. The two friends founded Zepto in 2021 to meet the growing demand for fast, contactless delivery of essential items in the days of the pandemic.

Palicha began her entrepreneurial journey at the age of 17 when she founded a student ride-sharing service called GoPool in 2018. Before launching her startup, she led a project with PryvaSee, an artificial intelligence (AI)-based project on privacy policies. .

The two childhood friends, who grew up in Dubai, initially launched Kiranakart, an online platform that delivered grocery items from local stores in Mumbai. It was operational from June 2020 to March 2021. They then launched Zepto in April 2021 and raised $60 million in the seed funding round in November. The fast grocery delivery platform also raised $100 million at a $570 million valuation in December. In its latest funding round, Zepto raised $200 million at a $900 million valuation in May this year.

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