ZEPTO’s movements are based on the growth trend of India’s startups, including companies such as Groww and PhonePe, and the local startup ecosystem that returns and expands the headquarters to India. This relocation has also occurred in the report that Zepto is considering increasing the size of the IPO from previously planned $ 800 million.
As part of the shift, the Kiranakart Technologies Private LTD, the entity -based entity of Zepto, could become a Zepto holding company, according to the January 9th ruling of the National Corporation Court (NCLT). Prior to this, Kiranakart PTE LTD, based in Singapore, was the parent company.
Economically, Zept’s revenue doubled to 4,454.52 rupees, which rose from 2,025.70 rupees the previous year from 2023 to 2014.
The company’s CFO RAMESH BAFNA stated that it is a “GHAR WAPASI” template suitable for startup eco systems and overtime, which enables wonderful pipelines to the capital market.
The movement of Zepto leads to the trends of Indian emerging companies, such as Grow and PhonePe, which moved to India.
