Who is Kaivalya Vohra? Meet the youngest richest Indian with 1000 Cr. |All Social Updates

Kaivalya Vohra, who is just 19 and a co-founder of food delivery company Zepto, is currently the youngest person in India with personal wealth of at least Rs 1,000 or more. Let’s find out who this person of Kaivalya Vohra is.

Kaivalya Vohra

According to a source, Kaivalya Vohra, the creator of Zepto, the fastest grocery delivery service in India, is the youngest Indian with a net worth of more than 1,000 rupees. Kaivalya Vohra founded Zepto in 2014. She turns 19 this year. On the IIFL Wealth Hurun India Rich List 2022, he was ranked 1,036 with a net worth of Rs 1,000 crore.

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Vohra Studies

Vohra received a Bachelor of Science in Computer Science from Stanford University, where she studied for four years. In May 2020, he launched a novel grocery delivery service under the brand name KiranaKart.

Who found Zepto?

Zepto was founded in 2020 by Vohra and Aadit Palicha. The list also includes Palicha, who is only 20 years old but has a net worth of Rs 1,200 million.

In May, Zepto was able to secure $200 million in funding from a round led by the YC Continuity Fund. Once the fundraising was complete, the young company’s valuation rose to a total of $900 million. In December, it was valued at $570 million.

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How does Zepto work?

The company Zepto, whose name derives from the word “ceptosecond”, 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 got there and decided to start their own business. When it debuted, the platform committed to 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 has been claimed that Zomato intends to expand to 24 cities in India by the year 2023. It currently operates in 11 cities. In addition, a delivery service is to be offered around the clock in several cities.

On the other hand, Blinkit has recently faced competition from Zepto in terms of competition. Zomato acquired Blinkit in June for $700 million. Grofers was the former name for this shop.

They face competition from other companies like Dunzo, Swiggy, and Instamart.

What will Zepto grow?

It has been stated that Zomato intends to operate in 24 cities across India by the year 2023. It is currently deployed in 11 different environments. In addition, a delivery service is to be offered around the clock in several cities.

On the other hand, Blinkit has been causing significant problems for Zepto lately. Back in June, Zomato paid a total of $700 million to buy Blinkit. Grofers was the original name for this business.

To be fair, the majority of us have “business ideas” from time to time, but the majority of us don’t know how to turn those ideas into successful businesses. However, Adit Palicha and Kaivalya Vohra, both currently 19 years old, do not belong to the other group. They are the creators of Zepto. Y Combinator is an investor in a company called Zepto, founded by two men who dropped out of 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 was forced 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 ultimately chose other career paths and started their own companies. Confined to his home due to the pandemic, it was during this time that he became pregnant with Zepto. Due to an increasing number of home deliveries, it took a few days longer than usual for the buyer to receive their groceries and other requirements. Because of this, there was room for fast delivery. Therefore, Zepto was designed with this line of reasoning.

His proposal was well received by investors. A round in which they secured $60 million was led by Glad Brook, Nexus, Lachey Groom, Y Combinator and Global Founders Capital earlier this month. Vohra stated that once he started delivering within 10 minutes, his Net Promoter Score (NPS) increased. “It’s no secret that customers appreciate fast delivery,” the business owner said. The data speaks for itself – once we started deploying within 10 minutes, our NPS improved and was around 85 with a weekly user retention rate of over 50%, indicating our customers love our product,” he said in an explanation. “The data speak for themselves.

Even more impressive is the fact that he only founded the company in April of this year, although the $60 million round is already impressive. The Zepto can currently be purchased for between $200 million and $300 million. Despite this, there is absolutely nothing to worry about on your part. In fact, the company, which has only been around for a few months, competes with industry titans like Swiggy, BigBasket, Grofers, and others. Grofers, for example, claims on its website that it can deliver in ten minutes. Thanks to Instamart, Swiggy is now able to deliver groceries, toiletries and even self-care products in as little as 15 minutes.

You are better prepared for warfare thanks to Zepto’s network of “Cloud Shops” which are essentially miniature warehouses. You can now make deliveries in some areas like Mumbai, Delhi, Bengaluru, Gurugram and Chennai. They are currently on the way to set up commercially in Hyderabad, Kolkata and Pune. More than a hundred thousand users have obtained and used it from the Google Play Store. The site advertises that thousands of goods are available for purchase. In addition, Zepto assures that it will deliver between 7 a.m. and 1 p.m.

According to Palicha, all her efforts are finally paying off as she successfully raised $60 million. In a statement, he explained, “Today we are growing at 200% monthly with an unstoppable workforce, excellent product infrastructure and extensive access to institutional funding.”

Their original company, KiranaKart, didn’t get as much attention as Pallicha and Vohra’s second company, Zepto, which makes them famous. On the other hand, Zepto stole the idea from KiranaKart and raced it. The company’s name, Kiranakart, gives the impression that it was also a grocery delivery service. By working with grocers, it was able to deliver groceries within forty-five minutes. Angel investors led by Global Founders Capital, Contrast Capital and 2AM Ventures collectively raised $730,000 during the pre-seed round. At that time, Vohra and Palicha wanted to complete the initial 1.5 lakh deliveries at the low price of 1 rupee each.

According to TechCrunch, the two men decided to focus their app development efforts on grocery delivery, as grocery shopping was the hardest task for them as two single men. While the purpose of Kiranakart is to facilitate food delivery for Kiranas, the goal of Zepto is to speed up the process.

Y Combinator was instrumental in the launch of Kiranakart which took place in June 2020. It ceased operations in March 2021 and in April its developers founded Zepto. Kaivalya Vohra is one of the co-founders of the company and serves as the Chief Technology Officer (CTO). Zepto is India’s fastest growing online grocery store. In 2021, Kaivalya and Adit Palicha formed Zepto as a separate business entity. As of May 2022, the company was valued at $900 million.

In 2020 it was Vohra and Palicha who initiated the Kiranakart project. A company called Kiranakart, which is headquartered in Mumbai, has announced it will deliver groceries across the city of Mumbai in just forty-five minutes. However, unable to find a customer base for their product, they had to shut down Kiranakart.

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