Zepto gets NCLT nod to shift its base back to India ahead of IPO

Kiranakart Technologies Private Limited can now proceed to become holding company of e-commerce unicorn Zepto, according to an order from National Company Law Tribunal (NCLT). Zepto, prior to this, was subsidiary of Kiranakart Pte. Ltd, which is based in Singapore. The approval to shift its base back to India comes ahead of Zepto's initial public offering (IPO) later this year.