News · Commerce & Consumer Brands

Zepto moves headquarters from Mumbai to Bengaluru

By Startup Enthusiast · 6 August 2024

What they do

Zepto is an online grocery delivery service operating in 10 Indian cities

The company is relocating its headquarters from Mumbai to Bengaluru, consolidating all corporate roles into a larger office

The move is expected to cost ₹4 crore but will save ₹40-50 lakh in monthly rent

Zepto, a 10-minute grocery delivery unicorn, is moving its headquarters from Mumbai to Bengaluru.
The company will consolidate all corporate roles into a larger office in Bengaluru.
Zepto currently operates from an 80,000-90,000 square foot property in Mumbai and a 30,000-40,000 square foot space in Bengaluru.
The relocation will cost the company approximately ₹4 crore as a one-time expense.
The move is expected to save ₹40-50 lakh in monthly rent.
Zepto will move into a 150,000 square foot property in Bengaluru.
The company raised $665 million in a Series F funding round at a valuation of $3.6 billion.

The relocation is part of Zepto's strategy to consolidate operations and expand its corporate presence.
The move is expected to reduce monthly rental costs significantly.
The funding round in 2024 highlights the company's growth and financial stability.

Zepto is an online grocery delivery platform that delivers within 10 minutes.
The company operates in 10 Indian cities, including Bengaluru, Chennai, Delhi, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, and Pune.
Zepto's business model focuses on fast delivery and a wide range of grocery products.
The company has a large workforce of 1,700-1,800 employees.
Zepto's operations are supported by a network of warehouses and delivery personnel.

StepStone Group (investor) — A global investment firm with a focus on private equity.
Goodwater Capital (investor) — A venture capital firm focused on early-stage investments.
Nexus Venture Partners (investor) — A venture capital firm investing in technology startups.
Glade Brook Capital (investor) — A venture capital firm focused on growth-stage investments.
Lachy Groom (investor) — An angel investor and founder of several tech startups.
Avenir (investor) — A venture capital firm focused on early-stage investments.
Lightspeed (investor) — A venture capital firm investing in technology startups.
Avra (Anu Hariharan) (investor) — A new fund by Anu Hariharan, a prominent investor in the startup ecosystem.

Product: A rapid-delivery app for groceries and everyday essentials.
Customers: Consumers ordering groceries and essentials online.
How it makes money: It earns from product margins, delivery fees, and order-value thresholds across its quick-commerce network.
What sets it apart: It was built as a quick-commerce native company from day one.
Operations: Operates dark-store based 10-minute delivery across multiple Indian cities.