The modern world no more needs MBA to start a good company, to earn in crores. all it needs is a brilliant mind and the erge to do big and people like Aadit Palicha and Kaivalya Vohra are proving it to the world.
The 19-year-old Stanford dropouts where alike everyone wanting to study abroad and bagg a job in a MNC and live peaceful life in the united states but a small idea turned them away from their abroad life and they returned back to their home country and started Zepto.
Now they are the head of a company worth 4310 crore Indian rupees which no MNC in the USA would have given them any sooner than 80. Zepto is a rising startup company. it is a grocery delivery app with the USP of delivering grocery to customers in just 10 minutes.
grocery delivery market as been rising in India for a year now and there are many key players in the market already. Big Basket, Amazon pantry, Flipkart smart, Dunzo and many others but how did this new startup find crores of ruppes of valuation and blockbuster funding in the early stage.
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Aadit Palicha and Kaivalya Vohra, 19 years old, from Mumbai, dropped out of a computer science program course at Stanford University in the United States. The two came to India and founded a grocery startup called Zepto. Having strong basics in computer science programming has made this startup easier to manage.
They first started Zepto Grocery services in Mumbai. Due to its huge popularity, the startup has now expanded its services to Bangalore, Delhi, and four other cities. It currently operates in Bangalore, Chennai, and Hyderabad, and plans to start soon in Pune and Kolkata. The company specializes in delivering within 10 minutes. Wherever you are, whatever you want and whenever you want, it will be delivered in the fastest way through this app.
Zepto recently acquired $ 100 million in a funding round conducted by Y Combinator’s Continuity Fund. Zepto was transformed into a $ 570 million (approximately Rs. 4310 crore) company within 5 months of its founding. The company has attracted the attention of leading investors.
Business experts estimate that the Indian online retail market is likely to reach around one trillion dollars. With this, the respective giant companies focused on online deliveries. Zepto faces stiff competition from leading grocery companies such as BlinkIt, Dunzo, Swiggy Instamart, Amazon, and Flipkart. It gained immense interest from the local startup community, and also public shows great interest in the Zepto. It’s been an inspiring startup of these two 19-year-olds which motivates the youth.
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