News Summary

Quick-commerce startup Zepto has shifted its headquarters from Singapore to India, joining a trend among Indian startups relocating their domiciles ahead of domestic IPOs. This move aligns with India’s recent regulatory changes facilitating such transitions, allowing companies to better comply with local IPO regulations and appeal to investors. Zepto, valued at $5 billion, plans to file for an initial public offering later this year, aiming to raise up to $1.1 billion. The decision mirrors similar actions by other Indian startups like PhonePe and Groww, who have moved back to leverage the robust Indian IPO market.