Zepto Trade Trading transferred Zepto to India from Singapore, where it joined an increasing number of Indian startups that transported its headquarters to the homeland before the public subscription in the country.
The transition is the fastest transformation in the headquarters registered to India by an emerging company in the country, according to the head of the Financial Director of Zabto Ramish Pavna.
The Indian authorities recently facilitated companies to turn their headquarters. Some startups, such as pine laboratories, were relatively longer.
The Zepto step follows similar transfers by other prominent Indian startups, including Phonepe and GROTW. Many Indian startups have originally created holding companies so that they could reach foreign capital more easily.
Many Indian startups registered in Singapore to keep the US list option, which is not allowed for companies in India. Flipkart, Eruditus and Udaan are among those who chose this path.
The Indian public subscription market has emerged as one of the strongest in the world in the past two years, prompting many Indian founders to transfer official operations to the homeland. Swiggy’s 1.35 billion dollars in November was the largest general list to start a technician worldwide last year.
Zepto, which raised more than $ 1.35 billion last year, is currently estimated at $ 5 billion, to submit a preliminary public offer later this year, in an effort to raise up to $ 1.1 billion, according to a source familiar with the company.
Startups, which are provided to grocery stores, wellness products and home commodities within 10 minutes in urban areas, quickly reach the Zomato -owned Blinkit Blinkit, which leads the market.
