Zepto Wants To Become $50 Billion Company That Employs Lakhs Of people: CEO
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.
Zepto co-founder and CEO Aadit Palicha said on Sunday they are ready to turn the quick commerce platform into a USD 50 billion company.
Zomato-owned Blinkit's rival had just raised USD 665 million at a USD 3.6 billion valuation in a highly oversubscribed round. The new funding came just nine months after the company raised USD 235 million at a USD 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 USD 50 billion Indian company that employs lakhs—as a way to give back to this country that has given us so much.".
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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.
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