Zepto, the fast-growing quick commerce startup, has changed the name of its parent company from Kiranakart Technologies to Zepto Private Limited. This move is part of the company’s preparations for its upcoming Initial Public Offering (IPO). By changing the name, Zepto wants to match its legal identity with the brand that customers recognize in the market. This helps create a stronger and clearer image for investors, customers, and the public as it takes the next step in its business journey.
The name change is not just a branding exercise. It comes after Zepto completed a major legal and corporate shift — a reverse merger. The company’s holding structure was earlier based in Singapore, but it has now been moved back to India. This transition allows the company to be more closely connected with Indian markets and regulations. The reverse merger was officially approved by both the National Company Law Tribunal (NCLT) in India and the Singaporean courts. This approval is a key part of making the IPO process smoother and more transparent under Indian law.
Zepto’s co-founder and CEO, Aadit Palicha, called this development a “historic milestone” for the Indian startup ecosystem. He said that bringing the company’s structure fully into India reflects strong trust in the country’s capital markets. According to Palicha, Indian markets now offer better opportunities and depth, giving companies like Zepto more confidence to list locally rather than abroad.
The company’s Chief Financial Officer (CFO), Ramesh Bafna, also spoke about the change. He described it as a “good #GharWapasi template” — a phrase that highlights the growing trend of Indian startups returning to India after having set up operations abroad. He mentioned that this move could become a model for other startups who want to raise money from Indian investors and grow in the local market.
Overall, Zepto’s decision to rebrand its parent company and shift its base to India is a major step forward. It shows the company’s long-term plans and commitment to the Indian market, especially as it prepares to go public.