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Zepto Gears Up for IPO Filing

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Data Source: livemint.com

and Marketplace Transition by April 2024

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Quick commerce giant Zepto is gearing up to file its IPO draft by April 2024, making headlines in the startup world.

Data Source: livemint.com

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Zepto plans to transition from a B2B model to a marketplace model, with operations shifting under the newly registered entity, Zepto Marketplace.

Data Source: livemint.com

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The company has already secured permissions to relocate its base from Singapore to India. A crucial board meeting on January 19 will finalize IPO details.

Data Source: livemint.com

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While Singapore authorities have approved the move, India's National Company Law Tribunal (NCLT) will address the matter on Jan 17.

Data Source: livemint.com

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Zepto aims to become the first quick commerce platform to go public, following its rivals Blinkit (Zomato) and Instamart (Swiggy).

Data Source: livemint.com

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The marketplace model allows Zepto to enhance quality control, improve services, and streamline operations, industry sources say.

Data Source: livemint.com

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The new entity, Zepto Marketplace, was registered in October 2024. Full transition is expected post regulatory clearances.

Data Source: livemint.com

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Zepto's IPO filing and operational overhaul signal a new era in quick commerce. Stay tuned for the transformation!

Data Source: livemint.com

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Zepto Gears Up for IPO Filing

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Data Source: livemint.com

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