Aadit Palicha, founder and CEO of quick commerce unicorn Zepto announced today, 28th January 2025 that the company received formal approval from Singaporean courts and the NCLT in India to complete the cross-border merger and become an Indian parent entity.
“At Zepto, we have a habit of delivering what people say is impossible,” wrote Palicha on LinkedIn.
You can read Aadit Palicha's LinkedIn post here
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Zepto's Aadit Palicha shares news of reversing base
Mentioning that the Indian startup ecosystem has reached an “inflection point” that represents long-term confidence in the liquidity and depth of Indian capital markets, the Zepto boss shared that his company has challenged the status quo.
Congratulating the Finance and Legal teams and longtime partner Deloitte, Palicha said with this Zepto made its “long-standing dream a reality”.
The company’s chief financial officer (CFO) Ramesh Bafna also announced the news on LinkedIn. He wrote, “Historic scenes on completion of… reverse merger from Singapore to India in the fastest ever timeline.”
Congratulating the team, Bafna remarked the move marks a good "ghar wapasi" (a return to home) template for the startup ecosystem that would eventually enable a great pipeline towards capital markets.
Incidentally, Zepto started working on flipping base from Singapore to India around June last year.
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