Quick commerce unicorn Zepto completes reverse flip from Singapore to India

Quick commerce unicorn Zepto has reverse-merged from Singapore to India ahead of its planned initial public offering (IPO), the company’s chief financial officer, Ramesh Bafna, shared on social media.

“This is a display of understanding of technicals, working with the right partners, getting into the nuts and bolts of execution, unblocking natural causes of delay, and making tactical calls in real time by an empowered team,” Bafna shared. He described the development as “historic,” adding that the reverse-merging process was completed in the “fastest-ever” time.