When you have a goal in front of you and the passion to achieve it, any difficulty becomes easier, and success naturally follows. Yes, having an innovative idea plays a crucial role in achieving your target. This is precisely what happened with Kaivalya Vohra, whose idea landed him in the Hurun Rich List 2024, making him the youngest billionaire in the country with a net worth of 3600 crores. Here’s the exciting story of his journey from a college dropout to becoming India's youngest billionaire...
Over 300 Indians in the Rich List
For the first time ever, the Hurun Rich List (Hurun India Rich List) includes over 300 billionaires from India. The top name on this list is Gautam Adani, the chairman of the Adani Group, who surpassed Reliance Group's Mukesh Ambani to become the richest person in India. Meanwhile, Kaivalya Vohra, co-founder of the quick delivery platform Zepto, remains the youngest billionaire on the list.
Included in the Rich List for the Third Consecutive Year
Zepto continues to expand its business and operates in cities like Bengaluru, Lucknow, Delhi, and Chennai. With the growth of the business, its market value also surged significantly. Zepto is a quick commerce unicorn startup valued at $5 billion. The company’s success is evident as Kaivalya Vohra, at the age of just 19, made it to the IIFL Wealth-Hurun India Rich List 2022 and has been the youngest billionaire on the list for three consecutive years. His 22-year-old co-founder, Aadit Palicha, appears as the second youngest billionaire on the list.
Source: aajtak
21 Years Old and a 3600 Crore Net Worth
In 2023, Zepto became the first unicorn of the year. Zepto is India’s fastest online grocery delivery platform, offering groceries, fruits, vegetables, personal care items, electronics, and much more within minutes. Included in the Hurun India Rich List, Kaivalya is the co-founder of this startup, which is valued at 3600 crores at the mere age of 21. The story of how he started this business with a friend is incredibly interesting.
A Dream in College and Dropping Out
Kaivalya Vohra, the co-founder of Zepto, was born in Bengaluru in 2003 and completed his early education in Mumbai and Dubai. He later enrolled at Stanford University to study computer science. At an age when most people are focused on studying to secure a good job, Kaivalya had a different idea in mind. He decided to drop out of college in 2020 at the young age of 17 to pursue his business idea. His friend Aadit Palicha joined him in this venture.
Source: aajtak
The Journey of Two Friends
Before dropping out of college, in 2018, Kaivalya and Aadit started a carpooling service called GoPool for students. However, juggling study and business became difficult, so they both moved to Mumbai to focus on their business. In 2020, they started an online grocery delivery startup called KiranaMart, but it didn’t get the response they expected and had to be shut down. Determined not to give up, they ventured out on a new path with a new idea.
The 10-Minute Delivery Idea
The idea of Zepto popped into Kaivalya's mind while he was still in college. He noticed that it took two to three days to deliver items ordered online and wanted to solve this problem through a quick delivery startup. This is how Zepto was born. During the COVID-19 pandemic, when people needed quick delivery of essentials to their homes, this startup took off. After closing KiranaMart, Kaivalya and Aadit started working on the 10-minute delivery idea in 2021, and everything changed from there.
