Two 19 year olds’ grocery startup is worth more than $200 million in just 6 months

Aadit Palicha and Kaivalya Vohra are two 19-year-olds who started a grocery delivery startup in April this year. The startup aims to deliver fast-food, ritual flowers and daily groceries in less than 10 mins. “Our average delivery time is 8 minutes 40 seconds”, says Palicha. The startup recently raised $60 million at a valuation between $200 million to $300 million in a series - A funding round led by Grade Brook Capital. The two friends decided to start their own venture when they couldn’t attend classes at Stanford University and dropped out to launch an app to help neighbourhood shops with online delivery. They shut it down after 10 months and launched Zepto in a highly competitive market that has billion-dollar unicorns like Swiggy and Grofers and Google-backed startup Dunzo. The founders claim that it is going to repeat Swiggy’s success after 7 years in just 18 months.