Zepto, the quick-commerce powerhouse led by Aadit Palicha, has officially shifted its domicile from Singapore to India, a crucial step ahead of its much-anticipated IPO, which is expected to raise between $400 million and $500 million. This strategic move, known as a reverse flip, received approvals from both Singaporean courts and India’s National Company Law Tribunal (NCLT), clearing the path for the company’s public listing.
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Zepto’s CFO Weighs In
Ramesh Bafna, Zepto’s Chief Financial Officer, reflected on the complexity of the process in a LinkedIn post, emphasizing the meticulous planning involved. “This was about mastering technical intricacies, working with the right partners, removing roadblocks, and making real-time tactical decisions,” he wrote.
Joining the League of Homegrown Giants
With this transition, Zepto now joins a growing list of high-profile Indian startups—including Groww and PhonePe—that have brought their headquarters back to India. Co-founder and CEO Aadit Palicha framed the move as a defining moment for the country’s startup ecosystem.
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“This marks a historic milestone, not just for Zepto but for the Indian startup landscape as a whole,” Palicha wrote on LinkedIn. “It reflects growing confidence in Indian capital markets and a future where top-tier startups build and scale in India for the benefit of Indian shareholders.”
Having secured over $1.5 billion in funding so far, Zepto’s next big milestone will be its IPO—one of the most anticipated public listings in India’s startup ecosystem.
