Quick commerce startup Zepto has successfully transitioned its headquarters from Singapore to India, making it the fastest foreign-headquartered startup to do so, as highlighted by CFO Ramesh Bafna. This shift aligns with a growing trend of Indian startups, like PhonePe and Groww, relocating to India amid a robust public market environment. The Indian government has facilitated this process, tempting many startups back home to prepare for public listings. Zepto aims to file for an IPO, seeking to raise $1.1 billion, as it competes closely with Blinkit in the market.
The transition marks the fastest domicile shift to India by a foreign-headquartered startup, according to Zepto's chief financial officer Ramesh Bafna.
The Indian public market has emerged as one of the world's strongest in the past two years, leading many Indian founders to shift back the registered base to the country.
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