In today’s Episode of Figuring out With Raj Shamani, we have founders of Zepto, Aadit Palicha (Founder & CEO - Zepto) and Kaivalya Vohra (Founder & CTO at Zepto).
Both Palicha and Vohra had enrolled in Stanford to pursue a Computer Science degree but dropped out to pursue their entrepreneurial interests instead. The idea to start Zepto came from the confines of their homes amid the pandemic.
A rise in demand for home-deliveries meant that groceries and other essentials would reach the buyer in a matter of a couple of days, leaving a vacuum for instant delivery. So, Zepto was founded with that consideration in mind.
Zepto is Mumbai based startup which offers a 10-minute groceries delivery service. Zepto has secured $100 million in a fundraising round headed by Y Combinator, bringing its valuation to $570 million just 5 months after launching services in India's quick commerce sector.
In this podcast we have discussed the success story of zepto, how zepto started, its business model, future plans, next big opportunity and much more.
Link to watch the podcast: https://www.youtube.com/watch?v=AOAlNK2rmQE
Timestamps:
00:00 - Intro
00:25 - Why did Zepto founders choose entrepreneurship?
02:56 - How did they come up with the idea of 10 minute grocery delivery?
05:26 - Major reason of high valuation of zepto
09:22 - What’s next for zepto?
12:14 - When the co-founders of zepto decided to be entrepreneurs
14:31 - Next big opportunity in India
19:52 - Outro
About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
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