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%.