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Zepto Shed...
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Bloomberg Quint

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Zepto Sheds Kiranakart Identity To 'Clearly Reflect' Business

  • Quick commerce unicorn Zepto has changed its registered name from Kiranakart Technologies Pvt. to Zepto Pvt. as the company plans for a Dalal Street debut.
  • Zepto, which recently shifted its base from Singapore to India, has successfully raised $1.35 billion in a span of five months through fundraising from various investors.
  • Zepto's CEO, Aadit Palicha, has been appointed as a director of the company, and the firm has also appointed Akhil Gupta, Vice Chairperson of Bharti Enterprises, as an independent director on its board.
  • The company is nearing an annualized gross order value of $4 billion, with a 300% year-on-year growth rate, while simultaneously reducing Ebitda and operating cash flow burn by 50%.

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