Zepto completes domicile shift from Singapore to India

Quick commerce platform Zepto has completed its reverse merger from Singapore to India, a key step in its preparations for an initial public offering (IPO). Chief financial officer (CFO) Ramesh Bafna announced the milestone on LinkedIn, describing it as a “historic completion in record time.”

"This is a display of understanding of technicals, working with the right partners, getting into the nuts and bolts of execution, unblocking natural causes of delay, and making tactical calls in real time by an empowered team," Bafna wrote, emphasising the coordinated efforts that drove the achievement.

The development follows the National Company Law Tribunal (NCLT) clearance of the merger, which ET reported on January 13. Earlier, the company had secured approval from Singapore authorities to relocate its domicile, as reported on January 7. The two-step clearance process has allowed Zepto to simplify its corporate structure and align its operations with Indian regulatory frameworks ahead of its IPO plans.


Zepto is looking to file for its IPO by March or April this year. The company’s move underscores its intent to consolidate its position in India’s competitive quick commerce market while pursuing strategic expansion through public funding.