Zepto, the fast-growing quick commerce unicorn led by Aadit Palicha, has officially changed its parent company name from Kiranakart Technologies Pvt. Ltd. to Zepto Pvt. Ltd. This change was made after receiving the required approvals, according to filings accessed by Moneycontrol. The name change marks a strategic move as the company gears up for its upcoming initial public offering (IPO).
The new name—Zepto Pvt. Ltd.—matches the brand known to millions of users across India. Experts say that a corporate name aligned with a consumer-facing brand creates better brand recognition, especially during IPOs. A simpler and sharper name helps a company stand out in draft red herring prospectuses and other investor documents. The company has not made an official public announcement yet, but filings confirm the change.
Zepto Follows Swiggy in Legal Renaming
Zepto is not the only tech company to change its name before going public. Swiggy, a rival of Zomato, had earlier changed its legal name from Bundl Technologies to Swiggy Limited. This trend reflects how startups are preparing themselves for IPOs by strengthening their brand identity and making investor communication easier.
In a related development, Zepto has also welcomed Akhil Gupta, the vice chairman of Bharti Enterprises (the parent company of Bharti Airtel), to its board. His presence is expected to add significant strategic insight as the company navigates its next phase of growth and prepares for the public markets.
Zepto Raises Massive Funding
Zepto has been on an impressive funding streak. In June 2024, the company raised $665 million in a record-setting funding round led by investors like Glade Brook Capital Partners and Nexus Venture Partners. Soon after, Zepto secured an additional $340 million from General Catalyst and Mars Growth Capital, pushing its valuation to $5 billion.
In November 2024, Zepto raised another $350 million in a round led by Motilal Oswal’s Private Wealth Division. This was India’s largest 100% domestically backed funding round in the startup ecosystem. Investors included the Taparia Family Office, the Mankind Pharma Family Office, and the Haldiram Snacks Family Office.
Reverse Flip from Singapore to India
In January 2025, Zepto completed its reverse merger process, shifting its parent base from Singapore to India. This move, known as a reverse flip, was officially approved by Singapore courts and India’s National Company Law Tribunal. The move positions Zepto closer to its core market and strengthens its IPO readiness.
For the financial year ending March 2024, Zepto reported revenue of Rs 4,454 crore—more than double the previous year’s figure of Rs 2,026 crore. Losses slightly decreased to Rs 1,248.64 crore, showing that the company is moving towards better financial health as it prepares to go public.
