KuberGrow Team In a significant move showing confidence in India’s capital markets, Zepto, the ultra-fast grocery delivery startup, has officially moved its headquarters from Singapore to India. The announcement, made by Zepto’s CFO Ramesh Bafna on January 28, 2025, comes ahead of its highly anticipated IPO.
This relocation is more than just a change of location; it marks an important milestone for Zepto and the Indian startup scene. By moving its headquarters to Mumbai-based Kiranakart Technologies Private Ltd., Zepto is restructuring its holding company in line with a key ruling from the National Company Law Tribunal (NCLT). This shift is expected to simplify operations and make it easier for both Indian and international investors to support its growth. Previously, Zepto was controlled by Kiranakart Ltd. in Singapore.
Bafna called the move “historic” and praised the company’s ability to complete it quickly. He highlighted the collaboration with the right partners and overcoming challenges as key to the success of the move. On LinkedIn, he referred to it as a potential “ghar wapasi” model for India’s startup ecosystem, showing how startups can thrive when based in India.
Zepto’s Co-founder and CEO, Aadit Palicha, also praised the move, calling it a bold statement of the company’s ability to achieve what others thought was impossible. He stressed the importance of this relocation for India’s startup ecosystem, stating, “This is a historic milestone for Indian startups and shows long-term confidence in India’s capital markets.” He added that Indian startups are becoming increasingly important in the global market.
The move signals Zepto’s readiness to expand its presence in India’s growing market and attract investment. With India’s startup scene gaining global recognition, Zepto’s shift could encourage other unicorns to grow and succeed from India.
As Zepto prepares for its IPO, this move is expected to boost its prospects and strengthen India’s position as a key player in the global startup ecosystem. Zepto’s decision is sure to have a lasting impact on India’s entrepreneurial landscape.
