Zepto - India’s First Unicorn


India’s First Unicorn of 2023 Zepto is a quick commerce platform that delivers groceries and other essentials in 10 minutes. It was founded by two 19-year-old Stanford dropouts, Aadit Palicha and Kaivalya Vohra.

Zepto founder

Zepto is a quick commerce platform that delivers groceries in 10 minutes. It was founded by Aadit Palicha and Kaivalya Vohra, two 19-year-old Stanford dropouts who met in Dubai and created a carpool app before launching Zepto.

Zepto’s net worth

Zepto’s net worth in 2024 is estimated to be $1.8 billion, based on its revenue, expenses, and valuation. It raised $560 million and is valued at $1.4 billion as of August 2023.

How Zepto Became a Billionaire

Zepto started operations in April 2021 during the pandemic, when there was a high demand for home deliveries. It set up hundreds of “dark stores” or micro-warehouses in densely populated areas of metro cities. It used a data-driven approach to stock the most popular items and optimize delivery routes.

Zepto App

Zepto’s Growth and Funding Zepto grew rapidly, reaching over 10M+ downloads on Google Play Store and serving thousands of orders per day. In August 2021, it raised $200 million in a Series E round led by StepStone Group, valuing the company at $1.4 billion. It became India’s first unicorn of 2023 and one of the youngest in the world.

Zepto Competition

Zepto’s Competitive Edge and Future Plans Zepto faces competition from other online grocery platforms like Swiggy, BigBasket, Grofers, etc. However, it has a competitive edge in terms of speed, convenience, and customer satisfaction. It also plans to expand to more cities, add more categories, and launch new features like quizzes and polls.