Zepto changes parent company name from Kiranakart Technologies; here’s the new name

Aadit Palicha-led quick commerce unicorn Zepto has reportedly changed its legal name from Kiranakart Technologies Pvt. Ltd. to Zepto Pvt. Ltd. after securing approval from authorities, according to filings reviewed by Moneycontrol.

Zepto isn't the only company to undergo a name change. Zomato rival Swiggy also changed its legal name from Bundl Technologies to Swiggy Limited ahead of its 2024 public issue filing.

Recently, the Blinkit rival appointed Akhil Gupta, vice chairman of Bharti Enterprises, the parent company of Bharti Airtel, to its board.

Simpler name, sharper recall

The move, which comes ahead of the initial public offering (IPO), is expected to help create a better brand recall among stakeholders across the board. It is also said that a corporate name that mirrors the consumer brand helps a young company stand out in crowded markets and on draft red‑herring prospectuses.

It's worth noting that Zepto hasn't issued an official announcement regarding the legal name change.

Funding and investors

In June 2024, Zepto raised $665 million—its largest funding round to date—from investors including Glade Brook Capital Partners, Nexus Venture Partners, and StepStone Group. The company didn’t stop there. Nearly two months later, it secured an additional $340 million from General Catalyst and Mars Growth Capital, valuing Zepto at $5 billion.

In November 2024, Zepto raised another $350 million in fresh funding led by Motilal Oswal's Private Wealth Division, marking the largest 100% domestically backed fundraise in India's startup ecosystem.

The round also saw participation from Raamdeo Agarwal, the Taparia Family Office, the Mankind Pharma Family Office, the RP Sanjiv Goenka Group, the Cello Family Office, and the Haldiram Snacks Family Office, among several others.

Completing a reverse flip

In late January 2025, Zepto completed its reverse merger from Singapore to India, a key step in its preparations for an initial public offering (IPO). The move, commonly called a reverse flip, received formal approval from Singapore courts and India's National Company Law Tribunal (NCLT), according to co-founder & CEO Palicha.

The Aadit Palicha-led company is expected to raise between $400 million and $500 million via IPO.

It reported revenue from operations of Rs 4,454 crore for the fiscal year ending March 2024, up from Rs 2,026 crore the previous year. During the same period, losses edged down by 2% to Rs 1,248.64 crore.