Zepto, the fast-growing quick commerce company, has secured domicile approval from Singapore to shift its holding entity to India. This move is significant as Zepto prepares for its Initial Public Offering (IPO) in India. The move comes as part of Zepto’s efforts to strengthen its position in the Indian market and comply with regulations for listing on the Indian stock exchange.

The National Company Law Tribunal (NCLT) will review Zepto’s application for a ‘reverse merger’ on January 17. This review is a critical step in Zepto’s plan to shift its domicile from Singapore to India. The decision will help Zepto align itself with the Indian regulatory framework as it works toward going public.

Zepto Recent Funding

Zepto recently completed a successful USD 350 million funding round, adding to the $1 billion it has raised in recent months. This new funding boosts Zepto’s financial strength, enabling it to compete more effectively against rivals like Blinkit and Swiggy Instamart in the fast-growing quick commerce sector.

As part of its IPO preparation, Zepto is reportedly in the process of finalizing independent directors. This move is essential to meet regulatory requirements for a public listing. By securing experienced independent directors, Zepto is positioning itself for a smooth transition into the public market.

New Entity and Business Model Shift

In addition to the domicile shift, Zepto has also established a new entity called Zepto Marketplace, which was created on October 22, 2024. This new entity marks a shift in Zepto’s business model, moving from its existing business-to-business-to-consumer (B2B2C) model to a marketplace approach. This change could reshape Zepto’s operations and help it streamline its processes ahead of the IPO.

Zepto has rapidly expanded its presence in the quick commerce space, becoming one of the key players in India’s fast-paced delivery market. The company’s decision to move its headquarters to India reflects its commitment to the Indian market and its long-term growth strategy.

Zepto Looking Ahead to the IPO

With its domicile shift approved and IPO preparations in full swing, Zepto is set to become a publicly listed company in India. The company’s successful funding rounds, strategic shifts in business models, and readiness to meet regulatory requirements indicate that Zepto is on track to make a successful entry into the Indian stock market.