Doorstep Deliveries Done Right
Business Today India|January 21, 2024
Quick commerce platform Zepto has been able to attract investors and turn unicorn during a funding winter. That takes some doing  
Arnab Dutta
Doorstep Deliveries Done Right

IN MID-2020, India was battling the Covid-19 pandemic, with the country being under a stringent lockdown. The pandemic had brought India to a standstill, hitting the supply chain. For citizens stuck in homes, securing their daily essentials—from wheat flour to detergents—without venturing out was the biggest challenge. Aadit Palicha and Kaivalya Vohra, two teenagers stuck in a small apartment in Sher-e-Punjab colony in Mumbai’s Andheri East, decided to do something about it.

“Most online delivery apps were taking seven to 10 days to deliver essential items, while mom-and-pop stores were shut. So, we decided to cater to the many elderly people that resided in the locality,” says Palicha. The duo, childhood friends who dropped out of Stanford University to pursue their entrepreneurship dreams, put in ₹3-4 lakh to set up KiranaKart, tying up with grocery stores to cater to their locality. As the service gained traction and the number of customers swelled to 200 by November, they raised some $125,000 from Y Combinator as a part of its early stage programme. Quick commerce app Zepto was launched in April 2021.

Three years since its humble beginnings, Zepto has grown exponentially and has turned into a unicorn—it is one of the fastest Indian ventures to cross this milestone. As per its latest round of funding in November 2023, when Zepto raised $235.4 million, the company was valued at $1.435 billion.

Bu hikaye Business Today India dergisinin January 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today India dergisinin January 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
VINE TO VINO
Business Today India

VINE TO VINO

Calling all wine lovers to explore India's wine trails and vineries

time-read
4 dak  |
March 16, 2025
TIGHT FINISHES AT TOLLY
Business Today India

TIGHT FINISHES AT TOLLY

RAZOR-SHARP COMPETITION WAS THE ORDER OF THE DAY FOR ROYAL RANTHAMBORE BT GOLF'S KOLKATA LEG AT THE HISTORIC TOLLYGUNGE CLUB

time-read
2 dak  |
March 16, 2025
Helping More Indians Fly
Business Today India

Helping More Indians Fly

We need to think and dream big, and combine that with flawless and speedy execution, accompanied by deep reforms

time-read
7 dak  |
March 16, 2025
Fighting The Dragon
Business Today India

Fighting The Dragon

China's subsidies and export strategy have accelerated its dominance in the EV space. Amid fears of EV 'dumping', can India withstand the Chinese onslaught?

time-read
7 dak  |
March 16, 2025
Buckle up for the Ride of a Lifetime
Business Today India

Buckle up for the Ride of a Lifetime

Many IPOs flunked, while several fell below ethical governance standards, and quite a few bombed. However, the capital markets have their own way of self-regulating excesses

time-read
5 dak  |
March 16, 2025
❝Slow down but stay involved"
Business Today India

❝Slow down but stay involved"

IndiQube provides flexible workspaces

time-read
1 min  |
March 16, 2025
Ready for Take-off
Business Today India

Ready for Take-off

Total passenger traffic has grown from around 120 million to over 236 million per annum. Indian aviation sector continues to soar, and the best is yet to come

time-read
4 dak  |
March 16, 2025
BURMANS IN CONTROL
Business Today India

BURMANS IN CONTROL

After a long battle, the Burman family has seized control of Religare. It needs to infuse money and get it back on track

time-read
3 dak  |
March 16, 2025
Reimagining India's Public Sector
Business Today India

Reimagining India's Public Sector

India's policies since 1991 have been to get government out of business' way. Robust public sector is needed for providing basic needs equitably

time-read
3 dak  |
March 16, 2025
No Theme Lasts Forever
Business Today India

No Theme Lasts Forever

A sensible investment strategy involves ignoring the noise and using a systematic criterion to pick assets. A good investment strategy can be boring

time-read
4 dak  |
March 16, 2025