Being a successful entrepreneur is not an easy task, especially at a young age. However, there are always some exceptions. One among the prominent ones is none other than Zepto owner Aadit Palicha. You would be astounded to note that Aadit is only 20 years old and earned about 1200 crores at such a young age. Sounds crazy? We totally agree. Furthermore, if you are curious to know everything about him and his journey, then you are in for a treat. Read on to enlighten yourself.
Who Is Aadit Palicha?
To say that Aadit Palicha is one of the youngest rising billionaires in India would not be so wrong. He has built a flourishing career for himself at an age when people are confused about what to do for their future. Furthermore, he is the CEO of Zepto, a company whose valuation crossed 900 million dollars in 2022. You would be astounded to note that it was just a mere 365 days in which the company crossed this valuation. How? Because the company itself was only founded in 2021.
The valuation went from zero to Rs 7300 crore within months. Palicha started his entrepreneurship journey at the age of 17. What is worth noting is that he is a college dropout. Yes, you are reading it absolutely right. He went to US Stanford to complete his graduation in Computer Engineering but left the course mid-way to start his startup.
He had opened a startup named GoPool. Palicha is also credited for PryvaSee, an AI-based project. However, it is Zepto that made him so successful.
About His Company, Zepto
Aadit, along with Kaivalya Vohra, co-founded Zepto. Zepto delivers groceries to its customers within 10 minutes of placing the order. The concept literally became highly popular. Furthermore, both the kids started the company back in April 2021. Interestingly, in a matter of one month, the company gained a valuation of 200 million dollars.
There are huge assumptions that his company may become a unicorn soon. Furthermore, the company is also aiming to bring delivering services for beverages like tea and coffee.
Its co-founder Kaivalya Vohra is also a young guy who dropped out his college in order to pursue his vision. He was also from a very prestigious college Stanford. Both Aadit Palicha and Kaivalya Vohra first started and closed a startup named Kiranakart. The reason was that it was not living up to their vision.
Soon they came up with Zepto, which is now giving a hard time and good competition to other quick-delivering companies. Palicha hails from Mumbai, and Zepto also has its headquarters in Mumbai. Last year, the company hit a valuation of 900 million dollars. The company currently delivers in major cities like Delhi, Chennai, Gurgaon, Bengaluru, and Mumbai. It aims to expand itself more.
What is worth noting is that Aadit Palicha has been featured in renowned lists like Hurun List as well as in the 30 under 30 list.
What are your thoughts about him? Do tell us via the comments below.
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