As per news reports, Zepto has changed its parent company name from Kiranakart Technologies Private Limited to Zepto Private Limited. The approval for this change was granted by the Registrar of Companies (RoC), Mumbai. The decision comes as the company continues preparations for an upcoming Initial Public Offering (IPO).
Zepto’s legal name change follows similar actions by competitors. Swiggy changed its name from Bundl Technologies to Swiggy Private Limited before filing for an IPO in February 2024. Zomato has renamed its parent company to Eternal Limited to consolidate multiple business verticals.
Zepto was incorporated in 2021. It initially operated under the name KiranaKart, offering grocery delivery by partnering with local stores. Later that year, the company rebranded to Zepto and shifted to a dark store model. It currently operates more than 700 dark stores across urban areas and delivers over 25,000 products.
The company’s board includes co-founders Aadit Palicha and Kaivalya Vohra, along with Anu Hariharan (Avra), Suvir Sujan (Nexus Venture Partners), and Akhil Gupta (Bharti Enterprises).
In the past five months, Zepto has raised approximately $1.35 billion:
Reports suggest that the company is currently in talks to raise an additional $300 million through a secondary round, primarily from domestic mutual fund houses.
In April 2022, Zepto launched Zepto Cafe, a separate vertical focused on coffee and ready-to-eat food delivery. As of February 2025, it records 1 lakh daily orders and has reached an annualised GMV run rate of $100 million. A standalone app for Zepto Cafe was launched in December 2024.
Zepto’s estimated GMV is around $4 billion. The quick commerce market in India is currently valued at over $6 billion and is projected to reach $25-30 billion in the next few years.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 17, 2025, 2:18 PM IST
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