Who is Kaivalya Vohra? Meet the youngest richest Indian with 1000 Cr.

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Palicha said their hard work is finally paying off now that they have raised $60 million. “Today, we are growing 200% per month with an unstoppable team, strong product infrastructure, and deep access to institutional capital,” he said in a statement.

Zepto made them famous, but Palicha and Vohra’s first venture, KiranaKart, did not garner much attention. Zepto, on the other hand, got the idea from KiranaKart. KiranaKart is also a grocery delivery service, as the name suggests. It has partnered with kirana stores to deliver groceries within 45 minutes. In a pre-seed round, Global Founders Capital, Contrary Capital, 2 AM Ventures, and angel investors led by Global Founders Capital raised $730,000. At that time, Vohra and Palicha wanted to make the first 1.5 lakh deliveries for just Re 1.

TechCrunch said the two men focused on grocery delivery for their apps because it was the hardest thing for them to get groceries as two single men living on their own. So, while KiranaKart’s aim is to make grocery delivery easier for kiranas, Zepto’s aim is to speed up delivery.

KiranaKart was started in June 2020 with the help of Y Combinator. It closed in March 2021, and the founders started Zepto in April. Kaivalya Vohra is the co-founder and Chief Technology Officer (CTO) of Zepto, India’s fastest growing e-grocery company. Kaivalya and Aadit Palicha started Zepto as a new company in 2021. As of May 2022, the company was valued at $900 Million.

Before Zepto, Vohra and Palicha started Kiranakart in 2020. Kiranakart, an online grocery delivery company based in Mumbai, said it would deliver groceries across Mumbai within 45 minutes. But they had to close down Kiranakaart as they could not find a market for its product.

Palicha and Vohara started Zepto in April 2021. The idea for the company came from their homes during the pandemic. When they saw that more and more people wanted groceries and other kitchen items delivered right to their homes, they decided to offer this service. The slogan for Zepto is “10 minute grocery delivery.”

Investors ultimately liked the idea, and Glade Brook Capital led a funding round that brought in $60 million for the company.

Within a year, Zepto has become a strong competitor to big startups like Swiggy, BigBasket, Grofers, etc. Grofers, for example, also says it will deliver within 10 minutes. With InstaMart, Swiggy can also deliver groceries, essentials and personal care products within 15 minutes.

Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom are among the big names that helped Zepto raise $200 million in its Series-D funding round. Zepto is based in Mumbai and has offices in 10 of India’s largest cities. It has more than 1000 employees and delivers more than 3,000 products, such as fresh fruits and vegetables, cooking essentials, dairy, health and hygiene products, and more, to Indian homes within in less than 10 minutes. Zepto has added a cafe feature that allows customers to order Coffee, Chai, and other Cafe items along with their groceries.

Kaivalya Vohra went to Stanford to get a degree in Computer Science, but dropped out to become an entrepreneur instead. Vohra was born in Bengaluru, Karnataka, India. He studied in Bengaluru and graduated from Stanford, but dropped out to start his own business. He speaks Hindi, English, and French fluently.

The 19-year-old co-founder and CTO of grocery delivery start-up Zepto, Kaivalya Vohra, is the youngest person on the list of India’s richest people, compiled by research firm Hurun India and a wealth management firm. IIFL Wealth.

Aadit Palicha and Vohra started Zepto in 2020 in Mumbai. They are also the youngest founders of a startup in the Hurun India Future Unicorn Index 2022. When they couldn’t get food in their area due to the COVID-19 pandemic lockdown, Stanford dropouts started the company. Vohra’s wealth is worth Rs 1 trillion.

Zepto used to be called Kiranakaart. Its main selling point is that it can deliver groceries quickly and without any contact in just 10 minutes.

With a net worth of Rs 10,94,400 crore, billionaire Gautam Adani has beaten Reliance’s Mukesh Ambani to the top spot in both lists. People who live in India or were born and raised there are on this list. This is the 11th time the richest person in India has been ranked. Wealth calculations are a snapshot of the situation as of August 30, 2022.

The Hurun-IIFL Wealth list also showed that around 100 founders of start-ups from 59 start-ups are on this list. These founders have an average age of 40 and a total wealth of Rs 5,06,000 crore.

Along with Vohra, Alakh Pandey, popularly known as “Physicswallah” and a co-founder of a company of the same name that became a unicorn, made his first appearance on the list at number 399 with a total wealth of Rs 4,000 crore .

Anas Rahman Junaid, MD and Chief Researcher at Hurun India, said at the launch of the list, “The best way to understand the bench strength or pipeline of Indian entrepreneurs is to look at the start-up ecosystem, which is the third largest in the world with more than 80,000 start-ups. It has the third largest number of unicorns and gazelles of any country in the world.

He also said that the initial public offerings (IPOs) of some of the most prominent start-ups have helped to close the valuation gap between institutional and retail investors. Junaid said start-ups will continue to make people rich, but there will be “new rules of the game”.

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