Zepto Aims to Become a $50 Billion Company: CEO Aadit Palicha
Zepto Co-founder and CEO Aadit Palicha announced on Sunday their ambitious plans to transform the quick commerce platform into a $50 billion company.
Zepto, a rival to the Zomato-owned Blinkit, recently raised $665 million at a $3.6 billion valuation in a highly oversubscribed funding round. This new investment 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 (formerly Twitter).
He further stated their commitment 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 has rapidly become one of Indiaโs fastest-growing internet companies. Headquartered in Mumbai, Zepto delivers over 10,000 products across various categories within 10 minutes.
As Zepto continues to expand its footprint in the quick commerce sector, the company’s vision to become a $50 billion enterprise highlights its commitment to innovation and growth in the Indian market.
