Aadit Palicha net worth, age, wiki, bio, wife, earning and more are discussed here.
Aadit Palicha net worth
Zepto is an online grocery delivery service, and its CEO is Aadit Palicha. In 2023, the company was valued at $1.4 billion, or more than Rs 11000 crore. Aadit to one of the wealthiest individuals in the nation, with a 2022 Hurun list net worth of Rs 1,200.
Is Aadit Palicha a billionaire?
Zepto’s achievements and recognition. Zepto’s success story is also the story of Aadit and Kaivalya, who became India’s youngest billionaires at the age of 21.
Who is the CEO of Zepto college?
Aadit Palicha and Kaivalya Vohra were 19-year-old college students when they founded Zepto, after dropping out of a Stanford computer science course in the middle of the pandemic. They grew up in Dubai and used to visit Mumbai at least twice a year to see their grandparents, according to multiple reports.
What is the highest salary in Zepto?
The highest-paying job at Zepto (India) is a Senior Vice President with a salary of ₹1,55,26,273 per year (estimate).
In August (2023), Aadit Palicha and Kaivalya Vohra’s Mumbai-based e-grocery platform Zepto became India’s first unicorn of 2023 by raising $200 million (approximately Rs 1,664 crore) in a Series E round of funding at a valuation of $1.4 billion (approximately Rs 11,650 crore). Despite various challenges, Zepto has managed to successfully grow and compete with other platforms such as Blinkit, Swiggy Instamart, and Dunzo.
The success of Zepto — co-founded by two Stanford dropouts Aadit Palicha and Kaivalya Vohra — has landed the duo a spot on the IIFL Wealth Hurun India Rich List in 2022. While we’ve already shared details about Vohra in the past, we’ve now compiled all the details about Palicha, who has a net worth of Rs 1,200 crore. Scroll down to learn more about the co-founder of Zepto.
Meet Aadit Palicha — a Stanford dropout with a net worth of Rs 1,200 Crore who co-founded India’s first unicorn of 2023
Background and education
Born in 2001 in Mumbai, Aadit Palicha completed his schooling in India before moving to the United States to earn a degree in Computer Science from the prestigious Stanford University. However, mid-way through the course, Palicha and Kaivalya Vohra decided to drop out and fulfill their dreams of becoming an entrepreneur. Talking about the same on LinkedIn, Palicha wrote, “Was supposed to get a Bachelor’s Degree in Computer Science, but I decided to build Zepto instead.“
Aadit Palicha began his entrepreneurial journey at the age of 17 with his startup, GoPool, before heading to Stanford University in the US. While GoPool struggled to take off, Palicha shifted his focus to education. However, he later teamed up with Vohra to launch KiranaKart, which functioned for nearly 10 months. The duo decided to close the company when they realized that they hadn’t found the right product-market fit. After some time they returned with a new and improved brand, Zepto. “We couldn’t find a strong product-market fit with KiranaKart, so Kaivalya and I shut down operations and started Zepto,” Palicha wrote on LinkedIn.
The beginning of Zepto
Aadit Palicha and Kaivalya Vohra established Zepto in April 2021, after shutting down KiranaKart. Despite the fact that the company was started during the pandemic, Zepto turned out to be a huge success, quickly achieving a valuation of $200 million (approximately Rs 1,664 crore) within a month of commencing its operations. Within five months, the company’s valuation rose to $570 million, and the founders made it onto the IIFL Wealth Hurun India Rich List in 2022. According to DNA, the e-grocery platform raised $200 million (approximately Rs 1,664 crore) in May 2022, valuing the company at $900 million (approximately Rs 7,489 crore).
Current valuation
Zepto recently made history by becoming the first Indian unicorn of 2023, according to Business Line. They achieved the massive feat through a successful Series E funding round, in which they raised $200 million (approximately Rs 1,664 crore) at a valuation of $1.4 billion (approximately Rs 11,650 crore), with the US asset management firm StepStone Group leading the way. With co-founders, Aadit Palicha and Kaivalya Vohra, planning to take the company public by 2025, they intend to use the funds to invest in their company’s growth by expanding their market presence. Zepto’s existing investors include Glade Brook Capital, Nexus Venture Partners, and Lachy Groom. The recent funding round also saw a new investor, Goodwater Capital, join the board.
Total net worth
According to the 2022 IIFL Wealth Hurun India Rich List, Aadit Palicha is at the 950th spot with an estimated net worth of Rs 1,200 crore. Additionally, Palicha’s partner, Kaivalya Vohra, claimed the 1,036th spot, with a net worth of Rs 1,000 crore.
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