Teenage Stanford Dropouts Raise $60 Million for Grocery Startup
- Childhood pals dropped out of Stanford to be entrepreneurs
- Their business Zepto aims to deliver groceries in 10 minutes
This article is for subscribers only.
At 19, Aadit Palicha and Kaivalya Vohra already had plans to make it big in India. The long-time friends just weren’t sure how, until they jumped on the global trend of instant grocery delivery.
Within months of launching their firm Zepto, the startup is now worth between $200 million and $300 million after receiving $60 million in an initial funding round, according to Palicha, co-founder and chief executive officer. Backers include Y Combinator, Glade Brook Capital, as well as angel investors Lachy Groom and Neeraj Arora, according to the firm.