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Aadit Palicha was born in 2001 in Mumbai.
Aadit Palicha is the CEO of the net grocery supply service, Zepto. The firm’s valuation was 900 million {dollars} in 2022 (Rs 7420 crore by present greenback worth). The firm began in 2021 amid the coronavirus pandemic. Within a year of its inception, Palicha and his co-founder Kaivalya Vohra raised thousands and thousands of {dollars}, scripting one of many best progress tales of company India. Both of them grew to become millionaires inside months of launching the corporate.
Aadit Palicha was born in 2001 in Mumbai. He started his profession as an entrepreneur when he was simply 17. He first based an organization referred to as GoPool which did not take off. He went to the United States to review pc science from the most effective universities in the world, Stanford University. However, he dropped the course mid-way to develop into a businessman.
They first launched an organization referred to as Kirana Kart. It ran just for 10 months.
“We couldn’t find a strong product-market fit with KiranaKart, so Kaivalya and I shut down operations and started Zepto,” he wrote on LinkedIn.
Aadit and Kaivalya Vohra based Zepto in April 2021. Within one month of operation, their valuation zoomed to 200 million {dollars}.
The central thought behind the corporate was to offer groceries inside 10-16 minutes.
The thought was a runaway hit. In 2021 alone, they delivered 10 lakh orders. Within 5 months of launch, the corporate’s valuation reached 570 million {dollars}.
Last year, their valuation reached 900 million {dollars}.
“Was supposed to get a Bachelor’s Degree in Computer Science, but I decided to build Zepto instead,” he quipped on LinkedIn.
In final year’s Hurun listing, Aadit Palicha’s net worth was Rs 1200 crore. He built the corporate when he was simply 20 years outdated. At 19, Kaivalya grew to become the youngest millionaire in India with a net worth of Rs 1000 crore.
