Zepto likely to move headquarters from Mumbai to Bengaluru; to save up to Rs 50 lakh in rent

The move will cost Zepto around Rs 4 crore. Also, the quick-commerce company will bear relocation expenses for employees willing to relocate.

By  Storyboard18Aug 6, 2024 4:21 PM
Zepto likely to move headquarters from Mumbai to Bengaluru; to save up to Rs 50 lakh in rent
Currently valued at $3.6 billion, Zepto is on its way to relocate its base from Powai in Mumbai to Sarjapur in Bengaluru. (In picture: Co-founder & CEO, Aadit Palicha along with Co-founder & CTO, Kaivalya Vohra, Zepto)

The quick-commerce start-up Zepto is in the process of relocating its headquarters from Mumbai presently to Bengaluru, which is estimated to cost the company around Rs 3-4 crore as a one-time expense.

Although it will save the company upto Rs 50 lakh worth of rent.

According to a Moneycontrol report, the company is planning to move its base from Powai in Mumbai to Sarjapur in Bengaluru, the tech capital of India. At present, it has its business verticals in Mumbai and tech and product teams in Bengaluru.

With the shift, it will bring all its 1,700-1,800 employees under one roof.

The report further stated the company will bear relocation expenses for the relocation of the employees.

Currently valued at $3.6 billion, Zepto recently raised $665 million in funding. It competes with the likes of Blinkit and Swiggy Instamart in the quick-commerce market, plans to double its store count to 700+ by March 2025.


Tags
First Published on Aug 6, 2024 4:14 PM

More from Storyboard18

Digital

Today in AI: YouTube tests new AI features | AP police use AI to prevent crime | AI helping prevent animal poaching in India

Today in AI: YouTube tests new AI features | AP police use AI to prevent crime | AI helping prevent animal poaching in India

Digital

Gen Z’s new rules of travel include 7% more solo trips, 10% more UPI payments

Gen Z’s new rules of travel include 7% more solo trips, 10% more UPI payments

Special Coverage

Gaming is India’s newest storytelling language: dynamic, interactive, and immersive: MoS I&B Dr L Murugan at Storyboard18 DES 2025

Gaming is India’s newest storytelling language: dynamic, interactive, and immersive: MoS I&B Dr L Murugan at Storyboard18 DES 2025

Digital

Prada acknowledges Kolhapuri inspiration after backlash over ‘copied’ sandal design

Prada acknowledges Kolhapuri inspiration after backlash over ‘copied’ sandal design

Brand Makers

OpenAI vs Meta: AI talent war pushing compensation sky high

OpenAI vs Meta: AI talent war pushing compensation sky high

How it Works

Google launches "Offerwall" as AI summaries impact publisher ad income

Google launches "Offerwall" as AI summaries impact publisher ad income

Digital

YouTube tests new AI features to enhance search and discovery

YouTube tests new AI features to enhance search and discovery

Interviews

Retrospective GST and offshore gambling are twin threats for gaming: EY’s Ashish Pherwani

Retrospective GST and offshore gambling are twin threats for gaming: EY’s Ashish Pherwani