Aadit Palicha, at just 22 years old, has earned a spot as the second youngest individual on the Hurun India Rich List for 2024.
With a net worth of ₹4,300 crore (approximately $520 million), Palicha’s achievements are remarkable, especially given his age.
He co-founded Zepto, a quick commerce app that delivers groceries within 10 minutes, alongside Kaivalya Vohra, who is the youngest on the list at 21 years old.
Early Life and Education
Born in Mumbai in 2001, Aadit Palicha completed his schooling in India before moving to the United States.
There, he attended Stanford University, where he pursued a degree in computer science.
However, like his co-founder Vohra, Palicha decided to drop out of Stanford to follow his entrepreneurial dreams.
The Entrepreneurial Journey
Aadit Palicha’s entrepreneurial journey began when he was just 17 years old. He launched GoPool, a student carpool app in Dubai.
Although GoPool didn’t achieve significant success, it marked the beginning of Palicha’s passion for startups.
He later co-founded KiranaKart, an online grocery delivery service, but this venture also struggled to find the right market fit.
However, these early experiences taught Palicha valuable lessons, which he applied to his next venture, Zepto.
Launched in 2021 during the COVID-19 pandemic, Zepto capitalized on the growing demand for quick grocery deliveries.
The company promised to deliver groceries within 10 minutes, a service that quickly resonated with customers.
The Success of Zepto
Zepto’s success has been swift and impressive. The company has expanded its operations to multiple cities across India and is now valued at $5 billion.
Competing with established players like Swiggy and Blinkit, Zepto has become one of India’s fastest-growing grocery delivery services.
The company has achieved significant revenue milestones and is on track to becoming profitable, making it a standout success story in the Indian startup ecosystem.
Conclusion
Aadit Palicha’s journey from a young entrepreneur to one of India’s wealthiest individuals is a story of perseverance and innovation.
His success with Zepto demonstrates the power of resilience and the ability to learn from past challenges.
As he continues to grow and lead Zepto, Palicha’s story will inspire many young entrepreneurs to pursue their dreams and make a mark in the business world.
