Named after ‘zepto second’, an extremely small unit of time, Zepto promises grocery delivery in minutes. Vohra and Palicha founded it after they returned to India with a plan to build a quick commerce company. At its launch, the platform guaranteed a 10-minute delivery. However, it was later changed to “delivery in minutes.”
19-year-old Kaivalya Vohra, the founder of quick grocery delivery app Zepto, emerged as the youngest Indian to have a net worth of over Rs 1,000 crore in a survey. He stood at the 1,036th spot in the IIFL Wealth Hurun India Rich List 2022, with a net worth of Rs 1,000 crore.
Vohra founded Zepto with Aadit Palicha in 2020. Palicha, 20, has also made it to the list with a net worth of Rs 1,200 crore.
In May, Zepto raised $200 million from a round led by YC Continuity Fund. After the investment, the start-up nearly doubled its valuation to hit the US$900 million mark. In December, it was valued at US$570 million.