Grocery delivery app Zepto to relocate headquarters from Mumbai to Bengaluru: Report

Quick commerce startup Zepto is moving its headquarters to Sarjapur, Bengaluru, aiming to consolidate its operations and expand its tech presence.

Published on: Aug 7, 2024, 12:25:58 IST

By Yamini C S

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Quick commerce app Zepto is all set to relocate its headquarters from Powai in Mumbai to Sarjapur in Bengaluru, according to Moneycontrol. This move aims to consolidate its operations and expand its presence in India’s tech hub.

Zepto plans to cover relocation costs for employees, expecting to save on rent in the process. (Satish Bate/HT PHOTO)

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Currently, Zepto, which delivers groceries, fruits, vegetables, electronics and other household items, operates with its business functions in Mumbai and its tech and product teams in Bengaluru. The company plans to bring its 1,700-1,800 employees under one roof, with a mandatory relocation for staff by the end of November or early December, a Zepto employee told the publication.

Zepto will cover the relocation expenses for employees making the move, which is projected to cost the company between ₹3-4 crore. However, the company expects to offset this expense by saving approximately ₹40-50 lakh per month in rent, due to the move from Mumbai to Bengaluru.

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The start-up is finalizing a large property in the Sarjapur, HSR, or Bellandur areas of Bellandur for the move. Out of its 1,700-1,800 employees, around 1,000 are based in Mumbai, 400 in Bengaluru, and 300 elsewhere. About 90 percent of the Mumbai-based employees are reportedly open to relocating, with only a small percentage potentially unable to make the move.

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Zepto is confident that its growth trajectory and successive funding rounds will facilitate talent acquisition in Bengaluru. Notable entrepreneurs like Bhavish Aggarwal of Ola, Gaurav Munjal of Unacademy, Kunal Shah of CRED, and Jitendra Gupta of Jupiter are some of the industry contemporaries who have previously relocated from Mumbai to Bengaluru in recent years.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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