The Standford dropouts are pivotal in shaping India's Q-commerce Industry through their unique business model. Founded in 2021 by Aadit Palicha and Kaivalay Vohra, Zepto offers quick commerce service, delivering online groceries, fruits, vegetables, electronics, and many more in a few minutes. According to the IIFL Wealth Hurun India Rich List, Aadit Palicha has a net worth of Rs 1,120 crore.
The model that the Nexus Ventures-backed unicorn has built in the backend is very different from the conventional framework on which e-commerce giants such as Amazon and Flipkart run their businesses in India.
Private equity investments hit 7-year low at $8 97 billion in 2023: LSEG Deals Intelligence thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Deloitte TechFast50 2023 Connects the Dots for India s Emerging Tech Ecosystem through its Community Action Plan (CAP) bruneinews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bruneinews.net Daily Mail and Mail on Sunday newspapers.
Private equity investments in India dropped by 65.4% to $1.81 billion in Q3 2023 compared to the same period last year. The number of deals also fell by 50.1% to 232. Despite this decline, internet-specific and computer software companies received the most PE interest, with $2.80 billion and $1.48 billion invested.