Aadit Palicha is an Indian entrepreneur who is a co-founder of the company Zepto. He is the youngest founder and millionaire in India. His business journey is a rapid journey through which he gained popularity. Using technology in business adds extra points to his company. Palicha contributed to the growth of the Indian business industry.
Aadit Palicha Quick Biography
| Real Name | Aadit Palicha |
| Nick Name | Aadi |
| DOB | Year 2001 |
| Age | 24 years ( as of 2024) |
| Birthplace | Mumbai, Maharashtra, India |
| Hometown | Mumbai, Maharashtra, India |
| Nationality | Indian |
| Birth Sign | Not known |
| Physical Appearance | |
| Height | 5’8”inches |
| Hair color | Black |
| Eye color | Black |
| Caste | N/A |
| Religion | Hinduism |
| Education /Qualification | |
| School | Not known |
| College | Stanford dropout |
| Qualification | Not known |
| Hobbies | Reading books |
| Relationship Status | |
| Marital status | Unmarried |
| Spouse | N/A |
| Parents Name | Father- name not known Mother- name not known |
| Favorite Things | |
| Actor | Shah Rukh Khan and Ranbir Kapoor |
| Actress | Priyanka Chopra |
| Singer | Kailash Kher |
| Destination | Goa and Canada |
| Color | Orange and red |
Early Life
He was born in the year 2001, in Mumbai, Maharashtra India. Aadit Palicha’s age is 24 years old as of 2024. He did his schooling in Mumbai, and then they shifted to Dubai in the United Arab Emirates where he enjoyed his childhood journey. At the age of 14, Palicha used to visit Mumbai for vacation. He pursued his International Business diploma from Computer Science and Mathematics Modern Academy. During his school days, Aadit spent a lot of time in extracurricular activities and also won the debater national-level trophy. As a talented student, he also participated in various events to increase his confidence. Aadit Palicha’s education is that He went to the US because he wanted to study at Stanford University, so he went there and studied computer engineering. Palicha quit his education because he wanted to do something different in his life.
Aadit Palicha Net Worth
The net worth of 2024 is not available anywhere you are in the right place because in this article you easily found his net worth. His monthly salary is not mentioned anywhere. Their earnings come from Zepto company profit. The company was a successful venture because it gained a lot of popularity due to its service. His net worth is Rs. 1200 Crore. Their business is growing rapidly. He and his partner increased their company funding by Rs. 1300 Crore. After that funding, Zepto’s value reached up to Rs. 3000 Crore. Both take care of their company through various activities organized in the company for their loyal employees.
Aadit Palicha Zepto
Palicha left his studies in between because of his interest in entrepreneurship so, in the year 2018, he founded ‘GoPool’. When he was only 18 years old in the year 2020, Palicha closed that company. He and his friend for the study were living in the same apartment. They wanted to do something for online apps but were not able to decide what business they should choose, so they decided to launch the company KiranaKart. His friend’s name is Kaivalya Vohra. They didn’t find any investor for the company so decided to shut down that venture in the year 2021. After that, they founded another venture named Zepto.
Zepto Launch
After The Closure of their company KiranaKart, Aadit Palicha and Kaivalya Vohra decided to launch Zepto. Through this app, people can order their groceries through the app and they will be able to get to their place in a few hours. It’s impossible to happen but this company is making a name in the field of online delivery. Due to COVID-19 norms, they took permission from local authorities to deliver groceries in public. Most of the cities were banned at that time but during that time it was not easy to launch that type of service. Their idea worked after the pandemic.
Revenue model and business
They deliver groceries in ten minutes through warehouses and storefronts; they get 90% of orders through those stores. Its customer-centric Mumbai-based company provides a hotspot method that convinces the digital purchase of customers.
A dark store is a place where customers can’t visit but they can purchase through packaged delivery. These stores are not new to the Indian industry, Aadit believed in one thing; their idea is to explore a lot of population, road patterns, topography, and weather conditions. This company is optimizing its connectivity.
Investor and Funding
As a Mumbai-based startup, they raised $597.8 million with seven dates round. Their latest funding was on 8 November 2023 amounting to $31.3 million as of 2023. After that funding the company’s value increased up to $200 million.
IIFL Wealth Hurun India Rich list of the year 2022; they became India’s youngest founder of start-ups. Due to company growth, they decided to add technology in their company which enhances their investment in the company but to company earnings; it was easy for them to invest a big amount in it.
