Quick Commerce's startup Zepto has joined the number of Indian companies in Indian companies that have moved their residence from Singapore to India and moved their headquarters to their homes rather than domestic IPOs.
According to Ramesh Bafna of Zepto, this transition marks the fastest shift to the registration headquarters in the domestic startup.
Indian authorities have recently eased companies returning their headquarters home. Some startups, such as Pine Labs, have been in the process for a relatively long time.
The movement of Zepto leads to similar relocation by other famous Indian emerging companies, including PhonePe and Groww. Many Indian emerging companies originally established holding companies overseas, making it easier to access foreign capital.
Several India's startups registered in Singapore have optional options on unauthorized US lists for India -based companies. Flipkart, Eruditus, and UDAAN are in this route.
The Indian IPO market has emerged as one of the strongest in the world in the past two years, and many founders have moved official businesses to the country. Swiggy's $ 1.350 million IPO in November was the largest public list by high -tech companies around the world last year.
ZEPTO, which has been raised over $ 1.350 billion last year and is currently rated $ 5 billion, will apply for a new stock in the second half of this year, according to the information that is familiar with the company, $ 1.1 billion. We are asking to procure.
Startups, which provide food, wellness products, and household goods within 10 minutes in urban areas, are catching up with the blinks owned by Zomato, the market leading.