There are very few students who leave foreign studies, comfort, and job opportunities and return home thinking of doing something for their countrymen. Similar is the story of 19-year-olds Adit Palicha and Kaivalya Vohra. They Returned home after studying at Stanford University, and made 10-minute delivery app.
Adit and Kaivalya enrolled in Stanford University’s computer science engineering program. Both decided to quit their studies and become entrepreneurs. According to a report in NDTV, 19-year-old Aditya and Kaivalya dropped out of Stanford University midway and returned to India. In our country which has become a hub of startups, he implemented a great idea and created Zepto, a 10-minute delivery app. The cost of the app is between $200 million to $300 million.
Adit and Kaivalya’s app is estimated to be worth between $200 million to $300 million. The app is backed by investors such as Y Combinator, Glade Brook Capital, Lachy Groom, and Neeraj Arora.
Can the goods reach the customer even in 6-7 minutes?
The founders of the Mumbai-based app say that depending on the location and resources, an item can reach the customer in 6 to 7 minutes! Founders claim – things reach customers on time. Aditi and Kaivalya claim that through their app, things reach customers on time. Discounts and incentives are offered to customers if items do not arrive on time. There are currently no additional delivery charges on Zepto. Customers can order fruits, vegetables, meats, chocolates, and soft drinks through this app from 7 am to 2 am.
Model prepared after three months of use
The two started experimenting with grocery delivery. In Aditi’s words, “We started with delivering groceries. We thought it would take 45 minutes. We talked to customers and saw their feedback. Customers who were getting their groceries in 10-15 minutes were more satisfied.” were and were spending too much on our platform.” Time.”
Kaivalya said that he himself had asked investors to place orders. The experience of getting the goods quickly was enough for them.
There are big rival apps in the market
Official Website of Zepto https://www.zeptonow.com/
Adit and Kaivalya have big challenges in front of them. Grofers has also started 10-minute delivery. Apart from this, Dunzo and Q-Commerce are also known for quick delivery. According to the Hindustan Times article, Zepto is currently planning to deliver goods in 10 minutes in Bengaluru, Mumbai, and Delhi. Apart from these three cities, the startup will also provide services in Hyderabad, Pune, Kolkata, and Chennai. Both the youngsters say that they compete with themselves and set their own goals.
So, guys, this is the story about Zepto. I hope you like this article. Thanks for reading.