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How University Dropouts Created an Umpire Of $900 million?

By:  Tupaki Desk   |   23 Sep 2022 7:09 AM GMT
How University Dropouts Created an Umpire Of $900 million?
The Covid pandemic and the lockdown followed by it are the biggest disasters that mankind ever faced in recent times. The world came to a standstill with the lockdown. People did not come out of their houses and they faced a lot of issues in getting groceries and other supplies.

India is not an exemption from this. Given the vast population, Indians faced big issues in getting groceries. Seeing this, two youngsters came up with an idea to set up an e-grocery platform so that people can get the groceries they want at their doorstep.

Two youngsters Kaivalya Vohra and Aadit Palicha had the idea of funding the online grocery platform Zepto. The platform was set up in 2021 and in more than one year the earned a value of over $900 million. The founders of the platform are teenagers and they are Stanford University dropouts.

When the dropouts who are 19 years old in 2021 started the platform many questioned if they can succeed or not. But their success answered all the questions and proved to everyone that correct planning and the ability to make the opportunity out of a crisis can make wonders.

The success of Zepto is that the founders of the online grocery platform have a worth of 1,000 crores. While Kaivalya Vohra has a worth of ₹1,000 crores, Aadit Palicha has a worth of 1,200 crores.

In less than two years, the online grocery platform witnessed massive growth making the founders see a wealth of Rs 1,000 crores each. Although the platform was started with the idea to deliver groceries to the doorstep in just 10 minutes, Zepto is also accepting orders for beverages. Customers can now order coffee and tea from selected eateries.

The online grocery platform was started in Financial capital Mumbai as a pilot project. Given the success and demand for the services, Zepto spread its wings in around 10 major cities in the country. Over 1,500 employees are working for Zepto across the cities. Wealth Management firm in Mumbai IIFL Wealth listed founders of Zepto as among the young richest persons.

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