Two 19-Year Olds Receive $60 Million Funding for Grocery Startup – Bloomberg

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Saritha Rai
At 19, Aadit Palicha and Kaivalya Vohra already had plans to make it big in India. The long-time friends just weren’t sure how, until they jumped on the global trend of instant grocery delivery.
Within months of launching their firm Zepto, the startup is now worth between $200 million and $300 million after receiving $60 million in an initial funding round, according to Palicha, co-founder and chief executive officer. Backers include Y Combinator, Glade Brook Capital, as well as angel investors Lachy Groom and Neeraj Arora, according to the firm.

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