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Zepto to shift domicile back to India, initiates process with NCLT

YourStory · 6m

Quick commerce unicorn Zepto is planning to shift its domicile from Singapore back to India. Its parent company Kiranakart has filed an application with National Company Law Tribunal to move its holding company to India. The move is part of Zepto's strategy to become an Indian majority-owned firm within the next 12-18 months. The company is also in the process of closing another funding round. This move follows a trend of companies shifting their base to India due to a favorable listing environment and consumer sentiment.