Zepto co-founder Kaivalya Vohra tops Hurun India Richlist

Zepto co-founders Aadit Palicha (L), and Kaivalya Vohra (R)

In a major sign of quick commerce firms' electric rise in India, 21-year-old Zepto co-founder Kaivalya Vohra has retained the tag of youngest on the Hurun India Rich List 2024 with a total net worth of Rs 3,600 crore.

The 2003-born entrepreneur made his debut for the first time on the IIFL Wealth Hurun India Rich 2022 at the age of 19.

Vohra’s friend and 22-year-old co-founder Aadit Palicha is just behind with a net worth of Rs 4,300 crore, according to the 2024 rich list.

Vohra and Palicha had launched the quick commerce company in 2021 in the midst of the Covid-19 pandemic, when the demand for grocery delivery was gaining steam.

Interestingly, in the youngest in the list of richest Indians, seven out the top 11 are running “new-age businesses”.

Apart from Palicha and Vohra, Shashvat Nakrani of BharatPe (Rs 1,300 crore, age 26), Ritesh Agarwal of Oyo (Rs 1,900 crore, age 30), Alakh Pandey of Physics Wallah (Rs 4,500 crore, age 32), and Harshil Mathur (Rs 8,700 crore, age 33) and Shashank Kumar (Rs 8,700 crore, age 33) of Razorpay make the list. Most of these individuals run payment services firm, online hotel booking website, and edtech company.

Hurun India Richlist 2024, released on August 29, showed the country’s dollar billionaire count has reached 334, rising by 29 percent on year, with a new billionaire being added every five days last year.

With 17 entrants to the Hurun list, Hyderabad has pipped Bengaluru for the first time to feature at the third spot on the rich list, with Mumbai and New Delhi taking the top two positions in terms of new additions.