Adit Palicha is an Indian entrepreneur best known for co-founding the online grocery store Zepto with his childhood friend Kaivalya Vohra. Within a few months of its inception in 2021, Zepto became India’s fastest growing e-grocery company.
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Wiki/Biography
Adit Palicha was born in 2001 (age 23 years; as of 2023) in Mumbai, India.
Adit Palicha’s childhood picture
Later, his family moved to Dubai, United Arab Emirates, where Adit spent most of his childhood. During holidays he used to visit his relatives in Mumbai. He studied IB Diploma, Mathematics and Computer Science from GEMS Modern Academy, Dubai, from where he graduated as valedictorian. He was also the deputy head boy of GMA. He actively participated in extra-curricular activities and was a national level debater during his school days. An exceptional student, he achieved the highest marks score of 45 in IDBP Diploma in UAE. He went to Stanford University in the US to study computer engineering, but left the program midway to start his own company.
Physical Appearance
Height (Approx): 5′ 11″
Hair Color: Black
Eye colour: black
Family
His father is from a Gujarati family and his mother is from Mumbai.
parents and siblings
His father, Kavit Palicha, is an engineer and stakeholder in Zepto. His mother, Urvashi Palicha, is the Chief Executive Officer of Search Point, an executive recruitment firm in the Middle East that specifically specializes in the search, selection and placement of finance, technology and banking professionals. Adit Palicha has a younger brother, Ishaan.
A photo of Adit Palicha’s parents, Kavit Palicha and Urvashi Palicha
Adit Palicha with his mother
Childhood picture of Adit Palicha with his younger brother
wife and children
He is unmarried.
livelihood
Adit became friends with Kaivalya when he was nine years old. Both were originally from Mumbai and studied in the same school in Dubai. In May 2018, Adit and Kaivalya founded GoPool, a mobile application that helped parents find and schedule carpools to school in Dubai. Received a grant of Dh53,550 from Emirates NBD to professionally develop the GoPool app. In an interview, Adit revealed that the idea of developing a carpool application first came to his mind when he was 15 years old and was stuck in traffic while going to pick up his younger brother Ishaan from school.
A photo of Adit Palicha, when he was a student at James Modern Academy introducing his newly launched car pool app to his principal Nargish Khambatta in September 2019.
The project is based on sustainability, going green, reducing carbon footprint and providing a welcome reduction on fossil fuel bills to parents in Dubai who prefer to use their own transport rather than using school buses. Are. From July 2019 to March 2020, he worked as project lead at PryvaSee, an AI project that summarizes privacy policies. After this, Adit and Kaivalya enrolled at Stanford University in America to study computer engineering. Both came back to Mumbai in 2020 due to the Covid-19 pandemic. When they were away from their families, they faced difficulty in purchasing groceries online as delivery would take 6-7 days. They identified the problem and launched the KiranaKart app, a model for instant grocery delivery in Mumbai, in June 2020. However, when he did not find a strong product-market fit with the company, he ceased operations in March 2021 to start Zepto. , In April 2021, Adit and Kaivalya founded online grocery store Zepto in Mumbai.
Zepto Co-Founders, Adit Palicha and Kaivalya Vohra
Amid the Corona crisis, the idea of delivering groceries in just 10 minutes proved to be a huge success and the startup’s valuation reached $200 million in just one month of operation. In 2021, the company delivered 1 million orders working with 86 grocery businesses. Within 5 months of launch the company’s valuation reached $570 million. The app has funding from investors like Y Combinator and Glade Brook Capital. Zepto is also backed by Nexus Venture, Global Founders and Silicon Valley angel investors Lachie Groom and Neeraj Arora. Despite being launched in 2021, during the COVID-19 pandemic, Zepto’s valuation is set to cross Rs 7,300 crore in 2022. The company went from non-existent to multi-crore valuation in a matter of months. Later, the business expanded to various big cities like Delhi, Chennai, Gurgaon, Bangalore and Mumbai.
net worth
According to the 2022 IIFL Wealth Hurun India Rich List, Adit Palicha’s net worth was around Rs 1,200 crore.
Facts/General Knowledge
- Adit Palicha and Kaivalya Vohra were named in the IIFL Wealth Hurun India Rich List 2022. Vohra, 19, and Palicha, 20, were the youngest start-up founders in the Hurun India Future Unicorn Index 2022.
- The same year, Palicha and Vohra were featured in Forbes magazine’s influential “30 Under 30 (Asia List)” in the e-commerce category.
- In an interview, he revealed that “Zepto” was a name derived from the zeptosecond, the smallest time unit ever measured.
- His family and friends fondly call him Aditya.
Categories: Biography
Source: vcmp.edu.vn