KiranaKart Technologies, the parent company of quick-commerce platform Zepto, has become an Indian entity following approval from the National Company Law Tribunal (NCLT).

The tribunal approved the merger of KiranaKart Technologies in India with its Singapore-based subsidiary, Kiranakart Pte Ltd, on last Thursday with no objections from the Reserve Bank of India (RBI).

This transition aims to streamline Zepto’s operations, reduce administrative costs, and align with Indian regulatory requirements.

The move is expected to enhance efficiency in fundraising and decision-making as the company plans an initial public offering (IPO) in India later this year.