🏡 Moving Back Home
Zepto has shifted its HQ from Singapore to India. CFO Ramesh Bafna called it the fastest HQ relocation by an Indian startup. The move aligns with India's friendlier policies for startups flipping back home. PhonePe and Groww made similar shifts recently.
📈 India’s IPO Boom
India’s IPO market has surged, attracting startups home. Swiggy’s $1.35B IPO in 2024 was the biggest global tech listing. Zepto, valued at $5B, is planning a $1.1B IPO this year. Many firms had earlier registered abroad for easier foreign capital access.
🚀 Quick-Commerce Race
Zepto competes with Blinkit, which dominates quick-commerce. The startup delivers groceries and essentials in under 10 minutes. It raised $1.35B in 2024 to expand operations. With urban demand soaring, Zepto is gaining on Blinkit.
💰 Big Money Moves
Many Indian startups incorporated in Singapore for potential U.S. listings. Flipkart, Eruditus, and Udaan followed this path. But with India’s IPO market booming, the trend is reversing. Zepto’s relocation signals a shift in where Indian startups see their future.
Will more Indian startups return home for IPOs?
