I was laughed out of investor meetings, they said 10-min delivery won’t work. Zepto’s Aadit Palicha
Naomi Gleit
Aadit Palicha, Founder and CEO, Zepto; image credit: Illustration by Manali Ghosh
Synopsis
“We sensed that the market was tanking. I was very clear that 60 days later it was not going to be available,” says Aadit Palicha, the 20-year-old CEO of Zepto on settling for a valuation that is USD100 million short of becoming a unicorn. He insists that he is on his way to build a ‘large public company’.
Zepto’s CEO Aadit Palicha is not a 19-year-old founder anymore. Just as the delivery he promises, his startup Zepto’s fundraising too has been head-turning fast. Within a year of the launch, the quick-commerce startup raised USD360 million at a USD900 million valuation. Palicha, the fresh out-of-school entrepreneur who made headlines for sharp comments on competitors such as Blinkit and Dunzo, has mellowed down a bit now. He seems to have grown
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