Abundant with capital, fast-moving unicorn According to co-founder and chief executive officer Aadit Palicha, Zepto is recruiting several senior-level staff members from a variety of departments in order to bolster its leadership in advance of its impending initial public offering (IPO).
The Struggle To Bind An Exceptional Team
Speaking on July 6 at the seventh JIIF Foundation Day event in New Delhi, Palicha remarked, “Today, I spend most of my day conducting back-to-back candidate interviews, mostly for vice-presidents (V-Ps) that we are trying to hire in business verticals like home and personal care, or meat and seafood.”
The founder, who is 21 years old, claims that “bringing together an exceptional team” has been Zepto’s hardest struggle.
“Doing that across all verticals is incredibly difficult. attracting and persuading the appropriate individuals to join, as well as ensuring their complete commitment. It might be difficult to persuade highly accomplished individuals to commit fully to a project. Making sure the team is outstanding and well-prepared takes up the majority of my time,” he continued.
New Recruitments For Zepto
A former senior V-P at Zepto Nikhil Mittal was elevated to chief technology officer in January of this year. This is not too far from Zepto’s recent $665 million Series F fundraising round, which valued the business at $3.6 billion, as previously reported by Business Standard. The business is currently getting ready to go public in the next 12 to 15 months.
Zepto intends to hire 400–500 more people in advance of its public offering, with a particular emphasis on opportunities in engineering, product, category, growth, and marketing. At the moment, the company employs 1,600 workers.
Plans Of Expansion
Currently, the company runs about 350 dark stores in the top 10 cities in India. With its newfound wealth, it intends to open stores in ten more cities, bringing its total to 700. Palicha’s comments, however, line up with a series of high-level resignations from the organization.
Amritansu Nanda, the chief marketing officer, Viral Jhaveri, the chief business officer and chief growth officer, and Manik Oberoi, the vice president of growth and retention, all left Zepto in June. After joining the company in June 2021, Ashish Shah, a former senior VP of finance, reportedly departed in December 2023 and took up the position of chief financial officer at DealShare.
More On Zepto
Zepto is an Indian q-commerce business that specializes in food delivery and groceries. The company, which was established in 2020 and debuted in July 2021, gained notoriety as one of the fastest-growing tech businesses in Indian history.
Together with CTO Vohra, CEO Palicha founded Zepto in 2020, when they were just 17 years old. Together, they had previously developed a ride-hailing service in Dubai that was eventually purchased by a local company. Palicha and Vohra made the decision to forego college and raise their first outside funding instead of enrolling at Stanford University. Contrary to this, a venture capital firm, volunteered to invest in the pair.
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