Vohra stood on the 1,036th spot within the IIFL Wealth Hurun India Rich List 2022, with a web price of Rs 1,000 crore
Nineteen-year-old Kaivalya Vohra, the founding father of fast grocery supply app Zepto, emerged because the youngest Indian to have a web price of over Rs 1,000 crore in a survey. He stood on the 1,036th spot within the IIFL Wealth Hurun India Rich List 2022, with a web price of Rs 1,000 crore.
Vohra based Zepto with Aadit Palicha in 2020. Palicha, 20, has additionally made it to the record with a web price of Rs 1,200 crore.
Zepto Kaivalya Vohra youngest Indian
In May, Zepto raised $200 million from a spherical led by YC Continuity Fund. After the funding, the start-up almost doubled its valuation to hit the $900 million mark. In December, it was valued at $570 million.
Vohra accomplished his Bachelor’s diploma in Computer Science from Stanford University. Before Zepto, he had based KiranaKart, one other grocery supply platform, in May 2020.
Named after ‘zeptosecond’, an especially small unit of time, Zepto guarantees grocery supply in minutes. Vohra and Palicha based it after they returned to India with a plan to construct a fast commerce firm. At its launch, the platform assured a 10-minute supply. However, it was later modified to “delivery in minutes”.
In 2023, Zomato is reportedly eyeing an enlargement in 24 cities in India. Currently, it operates in 11 cities. It can be eyeing round the clock supply in a number of cities.
However, currently, Zepto has been dealing with stiff competitors from Blinkit. Zomato acquired Blinkit at a valuation of $700 million in June. It was previously known as Grofers.
Dunzo and Swiggy’s Instamart are additionally among the many record of their rivals.
Zepto Kaivalya Vohra youngest Indian with net worth above Rs 1,000 crore