Aadit Palicha is an Indian entrepreneur best known for co-founding the online grocery store Zepto with his childhood friend Kaivalya Vohra. Within months of its launch in 2021, Zepto became India’s fastest-growing e-grocery company.
Wiki/Biography
Aadit Palicha was born in 2001 in Mumbai, India (23 years old; as of 2023).
Aadit Palicha childhood photos
Later, his family moved to Dubai, United Arab Emirates, where Adit spent most of his childhood. During the holidays he would visit relatives in Mumbai. He studied IB Diploma, Mathematics and Computer Science at GEMS Modern College, Dubai, graduating as valedictorian. He is also the Vice Principal of GMA. He actively participated in extracurricular activities and was a national-level debater during his student days. An outstanding student, he secured the highest score of 45 points in the IDBP Diploma Course in the UAE. He went to Stanford University in the United States to study computer engineering, but dropped out to start his own company.
appearance
Height (approximately): 5′11″
Hair color: black
Eye color: black
family
His father comes from a Gujarati family and his mother is from Mumbai.
Parents and siblings
His father, Kavit Palicha, is an engineer and stakeholder at Zepto. His mother, Urvashi Palicha, is the CEO of Search Point, a Middle Eastern executive recruitment firm specializing in the search, selection and placement of finance, technology and banking professionals. Aadit Palicha has a younger brother Ishaan.
Photos of Aadit Palicha’s parents Kavit Palicha and Urvashi Palicha
Aadit Palicha and his mother
Childhood photos of Aadit Palicha and his brother
wife and children
He is unmarried.
Profession
Adit became friends with Kevalya when he was nine years old. Both are from Mumbai and studied in the same school in Dubai. In May 2018, Aadit and Kaivalya founded a mobile app called GoPool to help parents find and arrange carpooling to schools in Dubai. GoPool App received a grant of AED 53,550 from Emirates NBD for professional development. Aadit revealed in an interview that he first came up with the idea of developing a ride-sharing app when he was 15 years old, when he got stuck in a traffic jam while picking up his younger brother Ishaan from school.
Aadit Palicha is pictured introducing his newly launched ride-sharing app to Principal Nargish Khambatt while studying at Gems Modern College in September 2019
The project is rooted in sustainability, going green, reducing carbon footprint and reducing fossil fuel bills for Dubai parents as they prefer to use their own transport instead of school buses. From July 2019 to March 2020, he served as the project leader of PryvaSee, an artificial intelligence project that summarizes privacy policies. Thereafter, Aadit and Kaivalya entered Stanford University in the United States to study computer engineering. The duo moved back to Mumbai in 2020 due to the Covid-19 pandemic. While they were isolated from their families, they faced difficulties buying groceries online as they took 6-7 days to arrive. They identified a problem and launched the app KiranaKart in Mumbai in June 2020, a model for instant grocery delivery. However, since they couldn’t find strong product-market fit with the company, they shut down the business in March 2021 and launched Zepto. In April 2021, Aadit and Kaivalya founded online grocery store Zepto in Mumbai.
Zepto co-founders Aadit Palicha and Kaivalya Vohra
The idea of delivering groceries within 10 minutes took off during the coronavirus crisis, with the startup being valued at $200 million in just one month of operation. In 2021, the company partnered with 86 grocery businesses and delivered 1 million orders. The company’s valuation reached US$570 million within five months of listing. The app has received funding from investors including Y Combinator and Glade Brook Capital. Zepto is also backed by Nexus Venture, Global Founders and Silicon Valley angel investors Lachy Groom and Neeraj Arora. Despite being launched only in 2021, Zepto’s valuation crossed Rs 7,300 crore in 2022 amid the COVID-19 pandemic. The company went from non-existence to a multi-crore valuation in just a few months. Later, the business expanded to major cities such as Delhi, Chennai, Gurgaon, Bangalore, and Mumbai.
net worth
According to the IIFL Wealth Hurun India Rich List 2022, Aadit Palicha’s net worth is approximately Rs 1,200 crore.
Facts/Trivia
- Aadit Palicha and Kaivalya Vohra were named in the IIFL Fortune Hurun India Rich List 2022. Vohra, 19, and Palicha, 20, are the youngest startup founders in the Hurun India Future Unicorn Index 2022.
- In the same year, Palicha and Vohra were selected into Forbes magazine’s influential “30 under 30 (Asia list)” in the e-commerce category.
- In an interview, he revealed that the name “Zepto” comes from the Zepto second, the smallest unit of time ever measured.
- His family and friends fondly call him Aditya.
Categories: Biography
Source: HIS Education