While the Covid-19 lockdown in India has shattered the lives of many, a young man has become a tycoon of Rs 1,000 crore. Kaivalya Vora and Adit Balicha came up with the idea of Kaivalya Vora and Adit Balicha to solve the problem of not being able to go out and buy essentials such as groceries and vegetables during the 2020 lockdown. They turned the company into a value of Rs 6,750 crore in 2 years.
Kaivalya Vora (19) and Adith Balicha (20) are childhood friends. Both attended Stanford University, California, USA, B.Sc., Computer Science. Dropped out midway and came to India in May 2020 during Covid and started an online grocery delivery startup called Septo. Septo is a term that refers to the smallest amount of time. They chose this name because of the short time delivery. Their business model attracted many investment firms. A lot of crores of funding came in several rounds.
Last May, YC raised Rs 1,500 crore through Continuity Fund. With that Septo’s market value has increased from Rs 4,200 crore to Rs 6,700 crore. With this, SEPTO founders Kaivalya Vora and Aadhit’s personal assets rose to Rs 1,000 crore and Rs 1,200 crore respectively. Currently, both of them are in the list of billionaire Indians released by Hurun India IIFL in association with Securities. With this, they have earned the honor of being the youngest person in this list with a net worth of Rs.1,000 crore.
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