Zepto to become an Indian company, gets Singapore’s approval for domicile transfer

Quick commerce startup Zepto is gearing up for its initial public offering (IPO), with plans to file draft papers by March or April this year. This follows the significant milestone of Singapore’s approval for the company’s domicile transfer to India. The transfer is an important step in Zepto’s journey toward becoming an Indian company.

A key hearing is scheduled for January 17 at the National Company Law Tribunal (NCLT) regarding the reverse merger application necessary for the domicile shift. Following this, the company has planned a board meeting on January 19 to finalize the IPO’s size, appoint bankers, and resolve other matters related to its relocation. Additionally, Zepto is in the process of appointing independent board members as part of its preparation to go public.