Want Zepto to become a $50 billion company that employs lakhs of people: CEO Aadit Palicha
The Zomato-owned Blinkit's rival had just raised $665 million at a $3.6 billion valuation in a highly oversubscribed round. The new funding came just nine months after the company raised $235 million at a $1.4 billion valuation.
Zepto Co-founder and CEO Aadit Palicha on Sunday said they are ready to turn the quick commerce platform into a $50 billion company.
The Zomato-owned Blinkit's rival had just raised $665 million at a $3.6 billion valuation in a highly oversubscribed round. The new funding came just nine months after the company raised $235 million at a $1.4 billion valuation.
"Reflecting on the past 3 years of building Zepto: the story of 2 kids dropping out of college and starting a company that is worth 30,000 crore in just 3 years is only possible in one country in 2024: India," Palicha wrote on X.
He further said they are ready to "dedicate ourselves to building Zepto into a world-class $50B Indian company that employs lakhs - as a way to give back to this country that has given us so much".
Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto became one of India's fastest-growing internet companies. Headquartered in Mumbai, Zepto delivers over 10,000 products, ranging across categories in 10 minutes.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO calculator: Know how on Rs 21,000 basic salary you can accumulate over Rs 2 crore corpus at retirement
NPS Vatsalya Calculator: How your Rs 1,000 monthly contribution can help your child get Rs 15.10 crore at retirement; see calculations
SIP+SWP: Rs 21,000 monthly SIP investment for 20 years and then Rs 1,20,000 monthly income for 43 years; know it can be possible
Latest SBI Senior Citizen FD Rates: What are expected returns on investments of Rs 6 lakh, Rs 11 lakh, Rs 16 lakh, or Rs 21 lakh in 1, 3 or 5-year fixed deposit schemes
70:15:15 Investment Strategy: Can you build over Rs 1.5 crore retirement corpus with just Rs 20,000 salary? Know how
08:08 PM IST