The co-founder of the grocery delivery service Zepto, Kaivalya Vohra, who is 19 years old, is now the youngest Indian to have a personal wealth worth at least Rs 1,000 crore. Let’s see who is Kaivalya Vohra.
Kaivalya Vohra, the founder of the speedy grocery delivery service Zepto, is the youngest Indian to have a net worth of more than Rs 1,000 crore, according to a report. She is 19 years old. He has a net worth of Rs 1,000 crore and was ranked 1,036 on the IIFL Wealth Hurun India Rich List 2022.
Vohra graduated from Stanford University with a Bachelor of Science in Computer Science. In May 2020, he established KiranaKart, a different grocery delivery service.
Who found Zepto?
In 2020, Vohra and Aadit Palicha founded Zepto. Palicha, 20, who has a net worth of Rs 1,200 crore, has also made the list.
Zepto secured $200 million in funding from a round led by YC Continuity Fund in May. The startup’s valuation nearly doubled to reach $900 million after the financing. It was valued at $570 million in December.
How Zepto works?
Zepto, which stands for “zeptosecond,” a minuscule unit of time, guarantees groceries delivery in a matter of minutes. It was started by Vohra and Palicha after they left for India with the intention of establishing an immediate commerce enterprise. The platform promised a 10-minute delivery time at launch. Delivery in minutes was later substituted in its place.
What does Zepto plan to expand?
Zomato reportedly plans to expand to 24 Indian cities by 2023. It is now active in 11 cities. Additionally, it plans to offer 24-hour delivery in a number of cities.
Blinkit, on the other hand, has been giving Zepto tough competition recently. Blinkit was purchased by Zomato in June for a $700 million price. It used to be known as Grofers.
They compete with Dunzo, Swiggy, and Instamart, among others.
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