When Zepto is one of the founders Kaivalya Vohra And Adit Palicha Billed as the youngest (both in their 20s!) self-made and youngest rich people in India, according to the IIFL Wealth Hurun India Rich List 2022, they were overnight role models for many in the country.
“It’s humbling, but honestly, it’s not something we think about every day because there’s always so much going on with the business,” said Kaivalia, speaking to host Beverly White on Day 3. TechSparks 2022, India’s largest startup technology conference.
Quick commerce startup Zepto launched in April 2021 in Mumbai and has seen phenomenal growth with a presence in 10 cities in the form of dark stores or micro warehouses – Mumbai, Pune, Bengaluru, Delhi, Noida, Gurugram, Ghaziabad, Chennai, Hyderabad. , and Calcutta.
They say the best founders truly believe in their idea and there are no two ways about it with Kaivalya and Aadit. “The reason we pushed so hard is because we believed so much in the product. We believed it would be exciting and change the way we shop for groceries today, so we’re more concerned about how Zepto will do than our own personal growth.” to become a bigger actor in people’s minds.
Given that the founders are young and don’t really have decades of experience to invest in, Aadit said it helps that they’re building a product that no one has built before in an industry that’s emerged in the last 12 to 18 months.
We’ve realized that to complete this model and this category, we need to have a combination of both decades of experience, our expert leadership team has decades of experience in supply chain and growth, marketing and finance, and fundamental thinking first, which we We enter with our new views.
According to consulting firm RedSeer, India’s e-commerce market is expected to grow 15-fold by 2025 to a market size of nearly $5.5 billion, and in this battleground, Aadit believes the winners will be those who can leverage operational get a job back end
It is well known that fast-moving business players in the industry not only have to deal with increasing competition, but also with widespread criticism that the rush to emerge winners in the market can jeopardize the safety of delivery partners.
“The reality is that our business model is built on short distances, not high speeds,” Habit said. up to 1.8 km
On where the e-commerce industry is headed in the next ten years, Aadit said there is potential to create a horizontal e-commerce and e-commerce company, and that grocery itself is bigger than any other e-commerce category.
From teenage entrepreneurs fresh out of Stanford to leading players in the fast-paced business industry, Kaivalya and Aadit have perfectly written entrepreneurial success stories.
When asked about personal success, Kaivalya is careful to offer advice, stating that they are better equipped to provide it in five to 10 years, but, “Continuity is something we learn very early on.” we took. Entrepreneurship is a journey where the highs are high and the lows are really low. “There were plenty of opportunities for both of us to say let’s pack up and go back to college and have a very comfortable life, but we stuck with it.”
Your advice to entrepreneurs? “If you’re going to start building a company, build it for the right reasons.” For someone who forgot their phone charger on the way to the airport to attend this conference and delivered it through their startup, this advice sounds right.
