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Nikhil KamathNikhil Kamath

Ep #10 | WTF is the Next Gen Thinking? Nikhil w/ Navya, Tara, Aadit & Kaivalya

Roughly 60% of the Indian population is under the age of 30 and hence the coolness funnel tends to be top-down. This is the segment that everyone will be building for. The consumption trends and behavioral patterns we hear here from these 4 accomplished people will likely remain relevant over the next decade. We have Navya - who's an unlikely grounded person one usually wouldn't assume, the precocious Zepto Brothers - where what stands out more than everything else is the bond 2 guys who met in the 6th-grade share with each other, and Tara - an outsider who paved her way into the very inside world of Bollywood. The transient nature of younger folks when it comes to housing/transport/ownership/vocation/fashion/shopping and the shorter attention spans are very different to someone like me who spends 8 hours watching a cricket match for example. Biases aside, there is so much to learn here! #NikhilKamath: Co-founder of Zerodha, True Beacon and Gruhas Follow Nikhil here: Twitter https://x.com/nikhilkamathcio/ Instagram https://www.instagram.com/nikhilkamathcio/ Facebook https://www.facebook.com/nikhilkamathcio/ Linkedin https://in.linkedin.com/in/nikhilkamathcio Koo https://www.kooapp.com/profile/Nikhilkamath #AaditPalicha : Co-Founder & CEO of Zepto Follow Aadit here: Twitter https://twitter.com/aadit_palicha Instagram https://www.instagram.com/a.palicha/ Facebook https://www.facebook.com/aadit.palicha.9 Linkedin https://www.linkedin.com/in/aadit-palicha/ #KaivalyaVohra: Co-Founder & CTO of Zepto Follow Kaivalya here: Twitter https://twitter.com/v0hra Instagram https://www.instagram.com/kaivalyavohra/ Facebook https://www.facebook.com/100012626226933 Linkedin https://www.linkedin.com/in/kaivalya-vohra #NavyaNaveliNanda: Founder of Project Naveli & Co-Founder of Aara Health Follow Navya here: Instagram https://www.instagram.com/navyananda/ LinkedIn https://www.linkedin.com/in/navyanavelinanda/ Navya’s Podcast https://www.youtube.com/@navyanavelinanda #TaraSutaria: Bollywood Actor & Singer Follow Tara here: Twitter https://twitter.com/tarasutaria Instagram https://www.instagram.com/tarasutaria/ Facebook https://www.facebook.com/people/Tara-Sutaria/100057211939870/ TIMESTAMPS 00:00 - Intro 02:05 - Zepto Bros Arrive 04:00 - Story of Zepto Bros 06:28 - The Stanford Dropout Tale 07:29 - How KiranaKart started 09:31 - Decoding Dark Stores & First Funding 12:02 - Cracking Sales as Techies 13:35 - Zepto's Massive Sales Growth 14:30 - Y Combinator & Initial Hurdles 17:45 - Series A & Beyond 20:19 - Grocery Economics Explained 23:31 - Navya’s Unconventional Career Choice 27:07 - Navya's views on Privilege & Goals 31:51 - Navya’s Reflections 39:08 - Tara's Artistic Childhood 40:10 - From Disney to Bollywood - Tara's journey 43:51 - Unveiling Bollywood’s Reality 45:10 - Flaws in the Movie Industry 46:10 - Changing Taste of Audience 47:46 - Sneak Peek into Tara's Upcoming Movie 49:10 - Tara’s Dream Project 50:20 - Who is Tara, really? 51:27 - Music Tastes 54:29 - What is the new generation up to? 56:16 - Changing Consumption Patterns of New Gen. 01:00:00 - Flipkart vs. Amazon: Are they the same? 01:00:56 - Zepto’s USP & Gaps in the Commodity World 01:03:20 - Surprising Shopping Patterns 01:08:51 - Youth's Unique Buying Trends 01:11:41 - The Complex World of Cinema Business 01:15:27 - Do People Pay for Premiumization? 01:19:18 - Social Media Blue Ticks, Scarcity Principle & Discovering Products 01:28:10 - UPI vs. Credit Card 01:29:08 - Whats working in Social Media? 01:30:26 - Income and Inequality 01:34:17 - Empowering Young Entrepreneurs 01:38:12 - Education Systems: Old vs. New 01:49:58 - Anecdotes from School 01:53:45 - Childhood Challenges & Therapy 01:56:50 - Dealing with Founder’s Conflict 02:01:45 - Nikhil’s Brotherly Advice 02:03:50 - Tara’s take on Content 02:13:06 - Marriage, Kids and beyond 02:17:39 - Woke Culture, Entitlement & Social Media 02:23:55 - Tara's Wall-Bumping Mishap 02:25:53 - Navigating Cancel Culture 02:31:12 - Brand Narrative in One Line 02:35:00 - Surprise Jamming Session! #trends #youth #entrepreneur #entrepreneurship #consumption #ecommerce #groceries #zepto #marketing #socialmedia #influencer #millennials #genZ

Nikhil KamathhostAadit PalichaguestTara SutariaguestKaivalya VohraguestNavya Naveli Nandaguest
Sep 19, 20232h 36mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Gen Z, quick commerce economics, Bollywood reality, and modern identity debates

  1. Nikhil Kamath hosts Zepto co-founders Aadit Palicha and Kaivalya Vohra alongside Navya Naveli Nanda (Project Naveli) and actor Tara Sutaria to decode “next gen thinking” across business, culture, and identity.
  2. The Zepto founders walk through their origin story—from a COVID-era WhatsApp grocery group to KiranaKart, a pivot to dark stores, and rapid fundraising—while explaining unit economics, last-mile costs, and why speed can improve profitability via higher rider throughput.
  3. Navya discusses navigating privilege, building a purpose-led organization focused on women’s education/health/legal awareness/entrepreneurship, and argues Gen Z’s “entitlement” is often a response to inheriting big problems without enough decision-making power.
  4. Tara reflects on her arts-first upbringing, bullying and learning challenges, Bollywood’s distribution/monetization shifts, and how relatability and OTT have changed what audiences want—while the group debates social media validation, scarcity marketing, education reform, and mental health.

IDEAS WORTH REMEMBERING

5 ideas

Speed in delivery can reduce costs, not just increase delight.

Zepto explains last-mile cost as rider pay per hour divided by orders per hour; faster delivery often means shorter distances and higher orders/hour, pushing per-order delivery cost down.

Early “product-market fit” can be fake if driven by unusual conditions.

KiranaKart saw orders during lockdown, but customers admitted they’d revert offline post-lockdown; that insight drove the pivot to dark stores to control end-to-end experience.

Dark stores are a ‘micro-warehouse supermarket’ optimized for pick-pack, not browsing.

They describe ~3,000–3,500 sq ft locations tucked away from prime frontage, designed for picker speed and high throughput per square foot—keeping rent as a low percent of sales.

Quick commerce revenue isn’t mainly delivery fees; ads can matter a lot.

They describe revenue as inventory sales plus advertising and small delivery fees (free delivery above ₹199), noting ad income is high margin and increasingly meaningful.

Gen Z expects ‘good service at fair price’—not ‘cheap but painful.’

Aadit argues the older tradeoff (DMart-style friction for low prices) is less tolerated; value plus convenience is now table stakes, even for budget-conscious users.

WORDS WORTH SAVING

5 quotes

“Trying to sell software to like a baniya is probably the best crash course in sales.”

Kaivalya Vohra

“In the last 24 months, went from about zero to… north of 5,000 crores in sales.”

Aadit Palicha

“Good service does not mean premium or luxury. Good service is now like table stakes.”

Aadit Palicha

“I’m not chasing profit, I’m chasing purpose… I’d say I’m a social entrepreneur.”

Navya Naveli Nanda

“We care more for relatability rather than aspiration… OTT has changed the game.”

Tara Sutaria

Zepto origin story: WhatsApp to KiranaKart to dark storesFunding journey: Contrair fellowship, YC, Series A/B/C/EQuick commerce unit economics: last-mile, throughput, advertisingGen Z consumption: value + service, indie brands, experience spendingBollywood business: OTT vs theaters, relatability vs aspirationSocial media psychology: validation, blue ticks, scarcity marketingEducation, mental health, and founder conflict/ego management

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