Quick-commerce platforms Zepto and Blinkit have come under scrutiny over food safety violations, with authorities in Karnataka and Maharashtra taking action against their facilities.&nbsp;A Zepto warehouse in Bengaluru was sealed on Tuesday (Aug 11) after Karnataka’s Food Safety and Drug Administration found “unhygienic” conditions related to food handling and storage. In Mumbai, meanwhile, Maharashtra’s Food Safety and Drug Administration suspended the licence of a Blinkit facility in Malad West over what authorities described as serious food safety and hygiene violations.&nbsp;The Karnataka government said its special inspection campaign had uncovered several violations and warned that food business operators found breaching food safety rules would face strict legal action.<h3>Zepto warehouse sealed in Bengaluru</h3>Karnataka Food Safety and Drug Administration officials inspected Zepto’s warehouse at the Nippon Express facility in Hoskote taluk as part of the campaign. The inspection covered food quality and safety, storage, labelling and food handling practices under the Food Safety and Standards Act, 2006, and rules framed under it.According to the department, officials found unhygienic food handling conditions, improper labelling, misbranding and violations related to food handling and storage practices.&nbsp;Also read: <a href="https://www.wionews.com/india-news/air-india-pilot-tests-positive-for-marijuana-again-can-a-pilot-fly-after-testing-positive-for-drugs-india-us-and-uk-rules-explained-1786525753858">Air India pilot tests positive for Marijuana again: Can a pilot fly after testing positive for drugs? India, US and UK rules explained</a>&nbsp;“In view of the unhygienic food handling and storage conditions observed, the warehouse was sealed in accordance with the applicable FSSAI provisions,” the department said. A notice was also issued, with the department recommending that the matter be referred to the concerned Adjudicating Officer for further legal proceedings.<h3>Indira Canteens also inspected</h3>The inspection drive also covered three Indira Canteens in Gottigere, Singasandra and Lingarajapuram.Officials found issues involving labelling, misbranding and other violations of Food Safety and Standards Authority of India (FSSAI) rules. The Gottigere canteen was sealed, while notices were issued to all three outlets and cases were recommended for legal action.&nbsp;Officials also collected samples of pulses, turmeric powder, cooking oil, jaggery, salt, sugar and prepared food. The samples have been sent to laboratories for testing.&nbsp;The department advised food businesses to maintain proper hygiene and storage practices, control pests, prevent cross-contamination and ensure the safe disposal of expired food and used cooking oil.It warned that businesses found violating food safety regulations could face strict legal action.<h2>Zepto responds</h2>Zepto said it had cooperated with the inspection and was taking steps to address the observations made by officials. A company spokesperson said, “Routine food safety inspections are conducted by authorities across the country as part of their regular oversight. We have fully cooperated with the authorities during the inspection, taken note of the observations and suggestions shared, and are taking the necessary steps to address them.”The spokesperson added that Zepto remained committed to strengthening its processes and maintaining high standards of food safety and hygiene.&nbsp;Also read: <a href="https://www.wionews.com/india-news/air-india-a320-lost-300-ft-after-triple-hydraulic-failures-autopilot-glitch-says-report-1786416224131">Air India A320 lost 300 ft after triple Hydraulic failures, autopilot glitch, claims report</a>&nbsp;The actions against Zepto in Bengaluru and Blinkit in Mumbai come amid increasing scrutiny of quick-commerce operations, particularly the handling, storage and sale of food products through their network of warehouses and dark stores.

Food safety authorities in Karnataka and Maharashtra sealed a Zepto warehouse in Bengaluru and suspended a Blinkit license in Mumbai over severe hygiene, storage, and labelling violations.

Quick-commerce platforms Zepto and Blinkit have come under scrutiny over food safety violations, with authorities in Karnataka and Maharashtra taking action against their facilities. A Zepto warehouse in Bengaluru was sealed on Tuesday (Aug 11) after Karnataka’s Food Safety and Drug Administration found “unhygienic” conditions related to food handling and storage. In Mumbai, meanwhile, Maharashtra’s Food Safety and Drug Administration suspended the licence of a Blinkit facility in Malad West over what authorities described as serious food safety and hygiene violations. The Karnataka government said its special inspection campaign had uncovered several violations and warned that food business operators found breaching food safety rules would face strict legal action. Zepto warehouse sealed in Bengaluru Karnataka Food Safety and Drug Administration officials inspected Zepto’s warehouse at the Nippon Express facility in Hoskote taluk as part of the campaign. The inspection covered food quality and safety, storage, labelling and food handling practices under the Food Safety and Standards Act, 2006, and rules framed under it. According to the department, officials found unhygienic food handling conditions, improper labelling, misbranding and violations related to food handling and storage practices. Also read: Air India pilot tests positive for Marijuana again: Can a pilot fly after testing positive for drugs? India, US and UK rules explained “In view of the unhygienic food handling and storage conditions observed, the warehouse was sealed in accordance with the applicable FSSAI provisions,” the department said. A notice was also issued, with the department recommending that the matter be referred to the concerned Adjudicating Officer for further legal proceedings. Indira Canteens also inspected The inspection drive also covered three Indira Canteens in Gottigere, Singasandra and Lingarajapuram. Officials found issues involving labelling, misbranding and other violations of Food Safety and Standards Authority of India (FSSAI) rules. The Gottigere canteen was sealed, while notices were issued to all three outlets and cases were recommended for legal action. Officials also collected samples of pulses, turmeric powder, cooking oil, jaggery, salt, sugar and prepared food. The samples have been sent to laboratories for testing. The department advised food businesses to maintain proper hygiene and storage practices, control pests, prevent cross-contamination and ensure the safe disposal of expired food and used cooking oil. It warned that businesses found violating food safety regulations could face strict legal action. Zepto responds Zepto said it had cooperated with the inspection and was taking steps to address the observations made by officials. A company spokesperson said, “Routine food safety inspections are conducted by authorities across the country as part of their regular oversight. We have fully cooperated with the authorities during the inspection, taken note of the observations and suggestions shared, and are taking the necessary steps to address them.” The spokesperson added that Zepto remained committed to strengthening its processes and maintaining high standards of food safety and hygiene. Also read: Air India A320 lost 300 ft after triple Hydraulic failures, autopilot glitch, claims report The actions against Zepto in Bengaluru and Blinkit in Mumbai come amid increasing scrutiny of quick-commerce operations, particularly the handling, storage and sale of food products through their network of warehouses and dark stores.

Food safety authorities in Karnataka and Maharashtra sealed a Zepto warehouse in Bengaluru and suspended a Blinkit license in Mumbai over severe hygiene, storage, and labelling violations.&nbsp;

‘Unhygienic’ food handling puts Zepto, Blinkit under scanner: Warehouses sealed, licence suspended

Zepto, one of India's leading quick commerce platforms, has raised $450-million in a funding round led by California Public Employees’ Retirement System (CalPERS). The funding round has raised the valuation of the company to $7 billion from $5 billion, at which it raised money last year.&nbsp;Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group, and Nexus Venture Partners joined this funding round. The cofounder and CEO of Zepto, Aadit Palicha, said in a statement that the company&nbsp;has $900 million in the bank and is well-capitalised for future needs.<h2>All you need to know about Zepto</h2>ET reported in April last year that Palicha and Kaivalya Vohra were in advanced talks with investors for credit funds of over $175 million.&nbsp;Zepto, which delivers groceries and electronics within minutes through app orders, had received funding of Rs 400 crore from Motilal Oswal Financial Services last year. It was part of a Rs 1000 crore round that valued Zepto at around $5.4 billion.&nbsp;Zepto is currently attempting to stop its cash burn. The company clocked Rs 11,109 crore in revenues in FY25, which is way higher than Rs 4,454 crore in the previous year.&nbsp;It competes with Swiggy’s Instamart, Eternal-owned Blinkit, and Tata-owned BigBasket.&nbsp;Amazon and Flipkart have launched their quick commerce platforms, intensifying competition in the novel segment. Zepto has also launched its medicine delivery vertical&nbsp;in Delhi-NCR, Mumbai, Bengaluru, and Hyderabad.

Zepto, one of India's leading quick commerce platforms, has raised $450-million in a funding round led by California Public Employees’ Retirement System (CalPERS). 

Zepto, one of India's leading quick commerce platforms, has raised $450-million in a funding round led by California Public Employees’ Retirement System (CalPERS). The funding round has raised the valuation of the company to $7 billion from $5 billion, at which it raised money last year. Avenir, Avra, Lightspeed, Glade Brook, the Stepstone Group, and Nexus Venture Partners joined this funding round. The cofounder and CEO of Zepto, Aadit Palicha, said in a statement that the company has $900 million in the bank and is well-capitalised for future needs. All you need to know about Zepto ET reported in April last year that Palicha and Kaivalya Vohra were in advanced talks with investors for credit funds of over $175 million. Zepto, which delivers groceries and electronics within minutes through app orders, had received funding of Rs 400 crore from Motilal Oswal Financial Services last year. It was part of a Rs 1000 crore round that valued Zepto at around $5.4 billion. Zepto is currently attempting to stop its cash burn. The company clocked Rs 11,109 crore in revenues in FY25, which is way higher than Rs 4,454 crore in the previous year. It competes with Swiggy’s Instamart, Eternal-owned Blinkit, and Tata-owned BigBasket. Amazon and Flipkart have launched their quick commerce platforms, intensifying competition in the novel segment. Zepto has also launched its medicine delivery vertical in Delhi-NCR, Mumbai, Bengaluru, and Hyderabad.

Zepto, which delivers groceries and electronics within minutes through app orders, had received funding of Rs 400 crore from Motilal Oswal Financial Services last year.

Zepto raises $450 million, valuation of Aadit Palicha-led platform rises to...

Work-life balance and toxic work practices in corporate firms have become the talk of the town in recent months. Be it the Indian business tycoon N R Narayan Murthy, who set the internet on fire with his "70 hours of work" comment, or the young CEOs of Indian tech companies like Zepto and Greptile.&nbsp;

In the latest controversy, Zepto's CEO Aadit Palicha posted on X on Wednesday (Dec. 4) saying, "I have nothing against work-life balance. I recommend it to all our competitors."

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I have nothing against work-life balance. In fact, I recommend it to all our competitors :)
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The post got immediate attention after Palicha replied to the post saying, "FYI, not my quote – read it from an interview with Daksh Gupta."&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/age-reversing-expert-bryan-johnson-says-he-loved-being-in-india-but-is-shocked-by-781489">Age-reversing expert Bryan Johnson says he 'loved being in India', but is 'shocked by...'</a>

The post was basically a nod to Greptile CEO Daksh Gupta, who has been a subject of criticism online for endorsing long work hours.&nbsp;

Palicha's X post quickly went viral, with people connecting it to a recent anonymous Reddit post calling Zepto's work culture "toxic." The Reddit post claimed the company pressures its employees with demanding expectations.&nbsp;

The post further claimed that Palicha starts his day at 2 pm because he faces difficulties waking up early. This habit of his leads to team meetings being scheduled at 2 am.&nbsp;

An X user replied to Palicha's post, saying he "woke up early" to write the post. Another user also took a dig at him as she wrote, "Ah, burning the midnight oil to dunk on toxic work culture posts on Reddit? Bold strategy! So, what time's your first meeting today—asking for your coffee machine."

<h2>'Zero tolerance for mediocrity'</h2>

Also read |&nbsp;<a href="https://www.wionews.com/world/indian-student-fatally-stabbed-in-canada-suspect-arrested-781480">Indian student fatally stabbed in Canada, suspect arrested</a>

The backlash on Gupta started when he posted a controversial opinion on November 9 on X saying, “Workdays start at 9 am and end at 11 pm, sometimes later. We also work Saturdays, occasionally Sundays. The environment is high-stress, with zero tolerance for mediocrity."

(With inputs from agencies)

&nbsp;

Work-life balance and toxic work practices in corporate firms have become the talk of the town in recent months. Be it the Indian business tycoon N R Narayan Murthy, who set the internet on fire with his "70 hours of work" comment, or the young CEOs of Indian tech companies like Zepto and Greptile.

Work-life balance and toxic work practices in corporate firms have become the talk of the town in recent months. Be it the Indian business tycoon N R Narayan Murthy, who set the internet on fire with his "70 hours of work" comment, or the young CEOs of Indian tech companies like Zepto and Greptile. In the latest controversy, Zepto's CEO Aadit Palicha posted on X on Wednesday (Dec. 4) saying, "I have nothing against work-life balance. I recommend it to all our competitors." I have nothing against work-life balance. In fact, I recommend it to all our competitors :) — Aadit Palicha (@aadit_palicha) December 4, 2024 × The post got immediate attention after Palicha replied to the post saying, "FYI, not my quote – read it from an interview with Daksh Gupta." Also read | Age-reversing expert Bryan Johnson says he 'loved being in India', but is 'shocked by...' The post was basically a nod to Greptile CEO Daksh Gupta, who has been a subject of criticism online for endorsing long work hours. Palicha's X post quickly went viral, with people connecting it to a recent anonymous Reddit post calling Zepto's work culture "toxic." The Reddit post claimed the company pressures its employees with demanding expectations. The post further claimed that Palicha starts his day at 2 pm because he faces difficulties waking up early. This habit of his leads to team meetings being scheduled at 2 am. An X user replied to Palicha's post, saying he "woke up early" to write the post. Another user also took a dig at him as she wrote, "Ah, burning the midnight oil to dunk on toxic work culture posts on Reddit? Bold strategy! So, what time's your first meeting today—asking for your coffee machine." 'Zero tolerance for mediocrity' Also read | Indian student fatally stabbed in Canada, suspect arrested The backlash on Gupta started when he posted a controversial opinion on November 9 on X saying, “Workdays start at 9 am and end at 11 pm, sometimes later. We also work Saturdays, occasionally Sundays. The environment is high-stress, with zero tolerance for mediocrity." (With inputs from agencies)

Zepto CEO clarifies stance on work life balance after 'toxic culture' allegations

The rapid rise of quick commerce in India has sparked significant concern among traditional retail distributors. The All India Consumer Products Distributors Federation (AICPDF), representing over 400,000 retail distributors, has formally requested an antitrust investigation into major players in the quick commerce sector, including Swiggy's Instamart, Zomato's Blinkit, and Zepto. This request highlights fears that these companies are engaging in predatory pricing practices that could undermine the viability of traditional retail operations as detailed in a report by Reuters.

The AICPDF's letter to the Competition Commission of India (CCI), dated October 18, alleges that quick commerce firms are luring customers with deep discounts and prices below cost. This aggressive pricing strategy not only threatens the survival of local retailers but also disrupts long-established distribution networks. The letter asserts that many consumer goods companies are opting to partner directly with these quick commerce platforms instead of relying on traditional distributors, further marginalising them in the marketplace.

The impact of quick commerce on the retail landscape is profound. With annual sales projected to exceed $6 billion this year, companies like Blinkit command nearly 40 per cent of the market share, while both Swiggy and Zepto account for approximately 30 per cent each. These figures illustrate the rapid growth of this sector and its potential to reshape consumer shopping habits across India.

In its letter, AICPDF urged the CCI to implement protective measures for traditional distributors and small retailers to ensure their interests are safeguarded against these disruptive practices. The federation argues that without intervention, it will become increasingly difficult for traditional retailers to compete effectively. 

The CCI has previously demonstrated its willingness to investigate allegations of predatory pricing within the e-commerce sector. In August, it found that larger players like Amazon and Walmart's Flipkart had breached local laws through similar practices. However, both companies have denied these allegations.

As quick commerce continues to gain momentum in India, the stakes are high for all involved. Zomato's shares have doubled this year, reflecting investor confidence in the sector's growth potential. Additionally, Swiggy is preparing for an initial public offering (IPO) valued at over $1 billion in the coming weeks.

The AICPDF's call for an investigation underlines a growing discord between traditional retail distributors and emerging quick commerce platforms. As consumer preferences shift towards faster delivery options, the challenge will be finding a balance that allows both sectors to thrive without compromising fair competition.

With the CCI now faced with this pressing issue, it remains to be seen how it will respond to these concerns and what measures may be implemented to protect traditional retailers from potential market distortions caused by aggressive pricing strategies in the quick commerce arena.

The rapid rise of quick commerce in India has sparked significant concern among traditional retail distributors. The All India Consumer Products Distributors Federation (AICPDF), representing over 400,000 retail distributors, has formally requested an antitrust investigation into major players in the quick commerce sector, including Swiggy's Instamart, Zomato's Blinkit, and Zepto.

The rapid rise of quick commerce in India has sparked significant concern among traditional retail distributors. The All India Consumer Products Distributors Federation (AICPDF), representing over 400,000 retail distributors, has formally requested an antitrust investigation into major players in the quick commerce sector, including Swiggy's Instamart, Zomato's Blinkit, and Zepto. This request highlights fears that these companies are engaging in predatory pricing practices that could undermine the viability of traditional retail operations as detailed in a report by Reuters. The AICPDF's letter to the Competition Commission of India (CCI), dated October 18, alleges that quick commerce firms are luring customers with deep discounts and prices below cost. This aggressive pricing strategy not only threatens the survival of local retailers but also disrupts long-established distribution networks. The letter asserts that many consumer goods companies are opting to partner directly with these quick commerce platforms instead of relying on traditional distributors, further marginalising them in the marketplace. The impact of quick commerce on the retail landscape is profound. With annual sales projected to exceed $6 billion this year, companies like Blinkit command nearly 40 per cent of the market share, while both Swiggy and Zepto account for approximately 30 per cent each. These figures illustrate the rapid growth of this sector and its potential to reshape consumer shopping habits across India. In its letter, AICPDF urged the CCI to implement protective measures for traditional distributors and small retailers to ensure their interests are safeguarded against these disruptive practices. The federation argues that without intervention, it will become increasingly difficult for traditional retailers to compete effectively. The CCI has previously demonstrated its willingness to investigate allegations of predatory pricing within the e-commerce sector. In August, it found that larger players like Amazon and Walmart's Flipkart had breached local laws through similar practices. However, both companies have denied these allegations. As quick commerce continues to gain momentum in India, the stakes are high for all involved. Zomato's shares have doubled this year, reflecting investor confidence in the sector's growth potential. Additionally, Swiggy is preparing for an initial public offering (IPO) valued at over $1 billion in the coming weeks. The AICPDF's call for an investigation underlines a growing discord between traditional retail distributors and emerging quick commerce platforms. As consumer preferences shift towards faster delivery options, the challenge will be finding a balance that allows both sectors to thrive without compromising fair competition. With the CCI now faced with this pressing issue, it remains to be seen how it will respond to these concerns and what measures may be implemented to protect traditional retailers from potential market distortions caused by aggressive pricing strategies in the quick commerce arena.

Indian Retail group seeks antitrust investigation into quick commerce giants Swiggy, Blinkit, and Zepto

Bengaluru-based quick commerce platform&nbsp;Zepto came under intense firing after one of its customers took to social media to highlight an inappropriate and unsolicited notification sent to her from their application.

The notification under question stated, “I miss you, Pallavi. Says i-Pill emergency contraceptive pill." This message was followed by three teary-eyed emoticons. The customer Pallavi Pareek found the notification distasteful.

Taking to LinkedIn, Pallavi wrote, “Dear Zepto and Zepto Cares team, so many things are wrong about this.” 
 
“I have never ordered an emergency pill from you. Even if I did, you should know that this is not something that should be missing me or I should be missing it.”

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/zomato-ceo-denied-access-to-lift-as-delivery-boy-in-this-posh-mall-of-indias-national-capital-765106">Zomato CEO denied access to lift as 'delivery boy' in THIS posh mall of India's national capital</a>

“You want me to have a need for taking an emergency contraceptive? But most importantly, why am I getting this when this order has never been placed with you?” she added.

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"Messaging is right only if it is sensitive or humorous or has some logic to it. I draw a line when your notifications are flirty or trying to be sleazy cheesy. But this is a little too much," Pallavi stated.

<h2>Here's how Zepto reacted to Pallavi's post</h2>

Reacting to the uproar, Zepto replied to Pallavi's post with an apology.

“Hey Pallavi, we messed up, and we're truly sorry. We understand how thoughtless and potentially harmful this was,” stated the company.&nbsp;

"Please know we've taken immediate action: Corrected the issue; Updated our processes; and Retrained our team. This mistake won't happen again," it added.

<h2>Here's how social media reacted to the controversy</h2>

The post shared by Pallavi led to an uproar on social media.

“100% agree Pallavi Pareek. This is the challenge that happens when companies rely solely on AI. All brands need to have a human presence to monitor this!.” said one user.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/trending/man-shows-how-much-hard-work-is-put-in-to-earn-rs20-as-zomato-delivery-executive-video-752323">Man shows how much hard work is put in to earn ₹20 as Zomato delivery executive</a>&nbsp;

“How could this happen? Companies need better training!” another user stated.&nbsp;

“I can't believe they thought this was okay!” said a third user.&nbsp;

“Thank you for speaking up; we need more awareness around these issues,” wrote a fourth user.

(With inputs from agencies)

Bengaluru-based quick commerce platform Zepto came under intense firing after one of its customers took to social media to highlight an inappropriate and unsolicited notification sent to her from their application.

Bengaluru-based quick commerce platform Zepto came under intense firing after one of its customers took to social media to highlight an inappropriate and unsolicited notification sent to her from their application. The notification under question stated, “I miss you, Pallavi. Says i-Pill emergency contraceptive pill." This message was followed by three teary-eyed emoticons. The customer Pallavi Pareek found the notification distasteful. Taking to LinkedIn, Pallavi wrote, “Dear Zepto and Zepto Cares team, so many things are wrong about this.” “I have never ordered an emergency pill from you. Even if I did, you should know that this is not something that should be missing me or I should be missing it.” Also Read: Zomato CEO denied access to lift as 'delivery boy' in THIS posh mall of India's national capital “You want me to have a need for taking an emergency contraceptive? But most importantly, why am I getting this when this order has never been placed with you?” she added. × "Messaging is right only if it is sensitive or humorous or has some logic to it. I draw a line when your notifications are flirty or trying to be sleazy cheesy. But this is a little too much," Pallavi stated. Here's how Zepto reacted to Pallavi's post Reacting to the uproar, Zepto replied to Pallavi's post with an apology. “Hey Pallavi, we messed up, and we're truly sorry. We understand how thoughtless and potentially harmful this was,” stated the company. "Please know we've taken immediate action: Corrected the issue; Updated our processes; and Retrained our team. This mistake won't happen again," it added. Here's how social media reacted to the controversy The post shared by Pallavi led to an uproar on social media. “100% agree Pallavi Pareek. This is the challenge that happens when companies rely solely on AI. All brands need to have a human presence to monitor this!.” said one user. Also Read: Man shows how much hard work is put in to earn ₹20 as Zomato delivery executive “How could this happen? Companies need better training!” another user stated. “I can't believe they thought this was okay!” said a third user. “Thank you for speaking up; we need more awareness around these issues,” wrote a fourth user. (With inputs from agencies)

‘Miss you, says i-Pill’ Zepto notification to woman sparks outcry on internet

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem.

The Founders

At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee.

Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022.

Zepto's journey

Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023.

Future outlook

Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory.

However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market.

Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups.

WATCH WION LIVE HERE

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This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023.

This year's Hurun India Rich List has a notable addition - Twenty-year-old Kaivalya Vohra, the youngest self-made entrepreneur. His venture, Zepto, co-founded with Aadit Palicha, holds the distinguished title of India's first unicorn of 2023. Notably, Zepto's meteoric rise is further underscored by its recognition in LinkedIn's 2023 Top 20 Indian Startups List, where it has claimed the top spot, cementing its status as a burgeoning leader in the Indian startup ecosystem. The Founders At the heart of Zepto's remarkable journey are the founders, Aadit Palicha and Kaivalya Vohra. Hailing from Mumbai, Aadit Palicha took a divergent path from his Stanford University studies, opting to co-found Zepto. His entrepreneurial acumen is not a recent development; Aadit's journey began at the age of 17 when he founded Gopool. He has also made waves in the realm of artificial intelligence, notably through his project Pryvasee. Similarly, Kaivalya Vohra, Zepto's Chief Technology Officer, also forsook his studies at Stanford University to embark on this entrepreneurial journey. Their collective efforts propelled Zepto onto the esteemed Hurun India's Future Unicorn Index in 2022. Zepto's journey Zepto's journey is a compelling narrative of resilience and adaptability. It started its odyssey as Kiranakart, collaborating with local grocery stores to address the soaring demand for swift delivery of essential items, a need magnified by the onset of the COVID-19 pandemic. In November 2021, the company secured $60 million in funding, and the promise of delivering groceries in just 10 minutes elevated its valuation to $570 million. May 2022 marked a watershed moment when Zepto secured $200 million in funding, catapulting its valuation to an impressive $900 million. Zepto further solidified its unicorn status by raising $200 million in a Series E round of funding, attaining a valuation of $1.4 billion. This achievement made Zepto India's first unicorn of 2023. Future outlook Looking ahead, Zepto is poised for further expansion, with plans to add 40% more dark stores in the coming year while reducing the time for these stores to turn profitable. The company also harbors aspirations of achieving EBITDA positivity within the next 12 to 15 months while sustaining its impressive growth trajectory. However, as with any entrepreneurial journey, challenges lie on the horizon. These include the need for continuous funding to fuel their ambitious growth plans and the perpetual quest to maintain a competitive edge in the rapidly evolving quick commerce market. Zepto's journey is a testament to the agility and innovation embedded in the core of India's startup landscape. Aadit Palicha and Kaivalya Vohra's foray into the grocery delivery market serves as an inspiration, illustrating the boundless potential of founders who navigate the dynamic world of startups. WATCH WION LIVE HERE

Meet Zepto: India's first unicorn of 2023

An Indian startup, Zepto, a quick commerce, aka 10 minute delivery platform, has become India's&nbsp;first unicorn of 2023 after raising $200 million at a valuation of $1.4 billion.&nbsp;

StepStone Ventures led the latest funding round, which also&nbsp;included&nbsp;participation from Goodwater Capital and previous backers such as Nexus Ventures, Glade Brook, and Lachy Groom.

Zepto was founded in 2021 by two 19-year-old Stanford dropouts and competes with SoftBank-backed Swiggy and Blinkit, all of whom are relying on speedy deliveries in the so-called quick commerce industry. Among them, Zepto's CEO&nbsp;Aadit Palicha&nbsp;claims to have the shortest average delivery time of 13 minutes.

Zepto intends to utilise&nbsp;the cash to expand further into the seven Indian metropolises where it is presently present, including Delhi, Mumbai, and Bengaluru, where it generates $50 million to $60 million in monthly income, according to Palicha.

"Operating in a bear market has forced us to be more disciplined. There is no question of growth or profit; it has to be both. The company is also planning an initial public offering in 2025", he said without giving further details to Reuters.

While Zepto is still losing money, the bulk of its "dark stores," or tightly packed warehouses, produce revenue, and the business expects to be profitable in 12–15 months.

When Zepto last solicited funding in May 2022, the company was valued at $900 million. According to a corporate statement, revenues have increased year on year and will reach $1 billion in annualised sales in the next quarter.&nbsp;

(Inputs from Reuters)

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An Indian startup, Zepto, a quick commerce, aka 10 minute delivery platform, has become India's first unicorn of 2023 after raising $200 million at a valuation of $1.

An Indian startup, Zepto, a quick commerce, aka 10 minute delivery platform, has become India's first unicorn of 2023 after raising $200 million at a valuation of $1.4 billion. StepStone Ventures led the latest funding round, which also included participation from Goodwater Capital and previous backers such as Nexus Ventures, Glade Brook, and Lachy Groom. Zepto was founded in 2021 by two 19-year-old Stanford dropouts and competes with SoftBank-backed Swiggy and Blinkit, all of whom are relying on speedy deliveries in the so-called quick commerce industry. Among them, Zepto's CEO Aadit Palicha claims to have the shortest average delivery time of 13 minutes. Zepto intends to utilise the cash to expand further into the seven Indian metropolises where it is presently present, including Delhi, Mumbai, and Bengaluru, where it generates $50 million to $60 million in monthly income, according to Palicha. "Operating in a bear market has forced us to be more disciplined. There is no question of growth or profit; it has to be both. The company is also planning an initial public offering in 2025", he said without giving further details to Reuters. While Zepto is still losing money, the bulk of its "dark stores," or tightly packed warehouses, produce revenue, and the business expects to be profitable in 12–15 months. When Zepto last solicited funding in May 2022, the company was valued at $900 million. According to a corporate statement, revenues have increased year on year and will reach $1 billion in annualised sales in the next quarter. (Inputs from Reuters) WATCH WION LIVE HERE

Zepto becomes India's first unicorn this year, raises  $200 million funding at $1.4 billion valuation

Kaivalya Vohra, 19, the co-founder of Indian grocery company Zepto, is the youngest richest Indian as per the IIFL Wealth Hurun India Rich List of 2022. Vohra who works as the Chief Technology Officer at the firm was at the 1,036th spot on the list, while his friend Aadit Palicha also the Chief Executive Officer at Zepto was a little ahead on the list. Both of them founded Zepto in Mumbai in 2021. The value of Zepto was claimed to be $570 million, which later in May 2022 doubled to $900 million after it recieved an investment worth $200 million from a round led by YC Community Fund. &nbsp;Here's everything you need to know about Vohra and his early life.&nbsp;

<h3>Kaivalya Vohra: Early Life</h3>

Vohra was born on March 15, 2003, in Bengaluru. He grew up in Dubai. Vohra is versed in three languages Hindi, English and French.&nbsp;

Before launching Zepto, Kaivalya along with Aadit was studying an engineering programme at Stanford University. But later the duo decided to drop out to pursue their passion for launching a company. They were both were living in Dubai when they enrolled at Stanford but decided to return to Mumbai after attending an online orientation.&nbsp;

<h3>The mindset behind "ZEPTO"</h3>

Vohra and Aadit co-founded Kiranakart, an online grocery delivery start-up which promised to deliver groceries within 45 minutes.

Later they both co-founded Zepto, which is a part of Kiranakart Technologies Private Limited.&nbsp;

Zepto currently delivers products in Delhi, Chennai Bengaluru and Mumbai.&nbsp;

Other than being recognised in the IIFL list, both Kaivalya Vohra and Aadit also featured in Forbes magazine's influential '30 under 30' (Asia list) in the e-commerce category.

<h3>Kaivalya Vohra: Net Worth</h3>

As per the 2022 IIFL Wealth Hurun India Rich List, Kaivalya Vohra has a net worth of Rs 1,000 crore ($146 million).

Kaivalya Vohra, 19, the co-founder of Indian grocery company Zepto, is the youngest richest Indian as per the IIFL Wealth Hurun India Rich List of 2022. Vohra who works as the Chief Technology Officer at the firm was at the 1,036th spot on the list, while his friend Aadit Palicha also the Chief Executive Officer at Zepto was a little ahead on the list.

Kaivalya Vohra, 19, the co-founder of Indian grocery company Zepto, is the youngest richest Indian as per the IIFL Wealth Hurun India Rich List of 2022. Vohra who works as the Chief Technology Officer at the firm was at the 1,036th spot on the list, while his friend Aadit Palicha also the Chief Executive Officer at Zepto was a little ahead on the list. Both of them founded Zepto in Mumbai in 2021. The value of Zepto was claimed to be $570 million, which later in May 2022 doubled to $900 million after it recieved an investment worth $200 million from a round led by YC Community Fund. Here's everything you need to know about Vohra and his early life. Kaivalya Vohra: Early Life Vohra was born on March 15, 2003, in Bengaluru. He grew up in Dubai. Vohra is versed in three languages Hindi, English and French. Before launching Zepto, Kaivalya along with Aadit was studying an engineering programme at Stanford University. But later the duo decided to drop out to pursue their passion for launching a company. They were both were living in Dubai when they enrolled at Stanford but decided to return to Mumbai after attending an online orientation. The mindset behind "ZEPTO" Vohra and Aadit co-founded Kiranakart, an online grocery delivery start-up which promised to deliver groceries within 45 minutes. Later they both co-founded Zepto, which is a part of Kiranakart Technologies Private Limited. Zepto currently delivers products in Delhi, Chennai Bengaluru and Mumbai. Other than being recognised in the IIFL list, both Kaivalya Vohra and Aadit also featured in Forbes magazine's influential '30 under 30' (Asia list) in the e-commerce category. Kaivalya Vohra: Net Worth As per the 2022 IIFL Wealth Hurun India Rich List, Kaivalya Vohra has a net worth of Rs 1,000 crore ($146 million).

Who is Kaivalya Vohra, Stanford dropout becomes India's youngest billionaire? Know his early life & net worth

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