Who is Kaivalya Vohra? Meet the youngest richest Indian with 1000 Cr.
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Kaivalya Vohra, who is only 19 years old and a co-founder of the grocery delivery company Zepto, is currently the youngest person in India with a personal net worth at least equal to or greater than Rs 1,000 crore. Let’s see who this Kaivalya Vohra person is.
According to a source, Kaivalya Vohra, the maker of Zepto, the fastest grocery delivery service in India, is the youngest Indian with a net worth of more than Rs 1,000 crore. Kaivalya Vohra founded Zepto in 2014. She turns 19 this year. On the IIFL Wealth Hurun India Rich List 2022, he was placed at position 1,036 with a net worth of Rs 1,000 crore.
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Vohra received a Bachelor of Science in Computer Science from Stanford University, where she studied for four years. In May 2020, he launched a new kind of grocery delivery service under the KiranaKart brand.
Who Found Zepto?
Zepto was founded in the year 2020 by Vohra and Aadit Palicha. The list also includes Palicha who is only 20 years old yet has a net worth of 1,200 crore rupees.
In May, Zepto was able to receive $200 million in funding from a round led by YC Continuity Fund. After the fundraising was completed, the fledgling company’s valuation rose to a total of $900 million. In December, its value was estimated at $570 million.
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How does Zepto work?
The company Zepto, whose name comes from the word ‘zeptosecond’, a very small unit of time, promises to deliver your goods within minutes. After leaving for India, Vohra and Palicha had the goal of starting a trading company immediately when they arrived there and decided to start their own business. At its debut, the platform promised a delivery time of just 10 minutes. Later, delivery in minutes was used instead of the original option.
What is Zepto planning to expand?
It is claimed that Zomato plans to expand to 24 cities in India by 2023. It now operates in 11 cities. In addition, it wants to deliver around the clock in a number of cities.
On the other hand, Blinkit recently gave Zepto a run for its money in terms of competition. Zomato completed the acquisition of Blinkit in June for $700 million. Grofers was the previous name for this company.
They compete with other companies such as Dunzo, Swiggy and Instamart.
What will Zepto grow?
It has been said that Zomato plans to operate in 24 cities across India by 2023. It is now used in 11 different environments. In addition, it wants to deliver around the clock in a number of cities.
On the other hand, Blinkit has been causing a lot of trouble for Zepto lately. Zomato paid a total of $700 million in June to acquire Blinkit. Grofers was the original name for this company.
To be honest, most of us get “business ideas” from time to time, but most of us don’t know how to turn those ideas into successful businesses. However, Adit Palicha and Kaivalya Vohra, who are both currently 19 years old, are not part of the other group. They are the creators of Zepto. Y Combinator is an investor in a company called Zepto, which was founded by two men who left Stanford University. Zepto promises to deliver groceries within ten minutes. This was his second attempt at opening a business. Unable to find a customer base for his product, he had to close the doors of his first company, Kiranakart.
Both Palicha and Vohra enrolled at Stanford University with the intention of earning a degree in computer science, but they eventually decided to pursue other career paths and start their own businesses. He was confined to his house because of the pandemic and it was during that time that he got Zepto. Due to an increase in home deliveries, it took several days longer than usual for the buyer to receive their food and other supplies. This made room for a fast delivery. Therefore, with this reasoning in mind, Zepto was conceived.
His proposal was well received by investors. A round in which they took in $60 million was led earlier this month by Glad Brook, Nexus, Lachey Groom, Y Combinator and Global Founders Capital. Vohra stated that his Net Promoter Score (NPS) increased once he started the delivery within 10 minutes. “It’s no secret that customers value fast delivery,” says the business owner. The data speaks for itself – once we started delivering within 10 minutes, our NPS improved and was around 85 with a weekly user retention rate of over 50%, showing our customers how much we love our product,” he said in a statement. statement. “The data speaks for itself.
Even more impressive is the fact that he only started the company in April of this year, despite the fact that the $60 million round is already impressive. The Zepto can currently be purchased for between $200 and $300 million dollars. Nevertheless, there is absolutely no cause for concern on their part. In fact, the company, which has only been around for a few months, is competing with industry titans such as Swiggy, BigBasket, Grofers and others. For example, Grofers claims on its website that it can deliver within ten minutes. Thanks to Instamart, Swiggy can now deliver groceries, toiletries and even over-the-counter products in just 15 minutes.
They are better prepared for warfare thanks to Zepto’s network of “cloud shops”, which are essentially miniature warehouses. They can now make deliveries in some areas like Mumbai, Delhi, Bengaluru, Gurugram and Chennai. They are currently on their way to set up commercially in Hyderabad, Kolkata and Pune. More than a hundred thousand users have taken it from the Google Play Store and used it. The website advertises that there are thousands of goods for sale. In addition, Zepto confirms that it will deliver between 7 a.m. and 1 p.m.
According to Palicha, all her efforts are finally paying off as she has successfully raised $60 million. In a statement, he said: “Today we are growing 200% per month with an unstoppable workforce, excellent product infrastructure and deep access to institutional funding.”
Their first company, KiranaKart, didn’t get as much attention as Pallicha and Vohra’s second venture, Zepto, which makes them famous. On the other hand, Zepto stole the idea from KiranaKart and ran away with it. The name of the company, Kiranakart, gives the impression that it also operated as a grocery delivery service. Working with grocery stores, it was able to deliver groceries within 45 minutes. Angel investors, led by Global Founders Capital, Contrast Capital and 2AM Ventures, have raised a total of $730,000 in the pre-seed round. At that time, Vohra and Palicha wanted to complete the first deliveries of 1.5 lakh for the low price of one rupee each.
According to TechCrunch, the two men decided to focus their app development efforts on grocery delivery because the most difficult task for them as two single men was to buy food. Therefore, while Kiranakart’s goal is to facilitate grocery delivery for kiranas, Zepto’s goal is to speed up the process.
Y Combinator was instrumental in the launch of Kiranakart, which took place in June 2020. It stopped working in March 2021, and in April its creators founded Zepto. Kaivalya Vohra is one of the co-founders of the company and serves as Chief Technology Officer (CTO). Zepto is India’s fastest growing online supermarket. In 2021, Kaivalya and Adit Palicha founded Zepto as a separate corporate entity. As of the month of May 2022, the value of the company was $900 million.
In the year 2020, Vohra and Palicha were the ones who initiated the Kiranakart project. A company called Kiranakart, which is headquartered in Mumbai, has announced that it will deliver groceries across the entire city of Mumbai in just forty-five minutes. However, unable to find a customer base for their product, they were forced to close Kiranakart.
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