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Zepto Secures New Headquarters in Bengaluru
Hyperlocal quick commerce platform Zepto has finalized plans to relocate its head office from Mumbai to Bengaluru. The company has signed a lease to repurpose Total Mall, located on Sarjapur Road, into its new headquarters. This strategic move is expected to be completed by February, as sources familiar with the development revealed. Zepto has extended its original November deadline to allow more time for the transformation of the space and the relocation of its employees.
Delays in Relocation Due to Space Selection
Zepto had initially planned to shift its 1,700-1,800 employees from Mumbai to Bengaluru by November. However, due to challenges in finding a suitable office space, the timeline has been pushed back. Employees are now expected to move by February. The decision to set up operations in Bengaluru aligns with Zepto’s long-term growth strategy, as the city is home to a burgeoning tech ecosystem and is the base for many of Zepto’s product and tech teams.
While the larger relocation effort will take time, some operations are set to begin sooner. The company is moving a few roles to an interim office in Bengaluru, with operations expected to start by November 11. This early move will help ensure a smoother transition for the rest of the company as they prepare to consolidate all teams under one roof.
Total Mall: From Shopping Hub to Corporate Headquarters
Total Mall, once a popular retail destination on Sarjapur Road, has been repurposed into an office space. Now renamed Market Square Mall, the building will serve as the new headquarters for Zepto. The location places Zepto near major players in the quick commerce and tech sectors, including Swiggy and Flipkart, which also have offices nearby.
This move comes as Zepto continues to grow its footprint in India’s quick commerce space. Over the past three years, the company has experienced rapid growth, and this consolidation is seen as a critical step to further streamline operations and enhance collaboration across teams.
Financial Impact: Major Cost Savings
Relocating from Mumbai to Bengaluru is not just a logistical decision but also a financial one. The estimated cost of the headquarters relocation is projected to be around Rs 3-4 crore. However, the move is expected to save Zepto approximately Rs 40-50 lakh in monthly rent. This significant reduction in operational costs will offset the one-time expense of relocation, allowing Zepto to redirect funds toward expansion and other business priorities.
Employee Relocation and Expansion Plans
Out of Zepto’s 1,700-1,800 employees, roughly 1,000 are currently based in Mumbai, while 400 are located in Bengaluru. The remaining 300 employees work in different cities to support the company’s city-specific operations. Sources indicate that 90% of Mumbai-based employees have already expressed willingness to relocate to Bengaluru. Discussions are ongoing with the remaining staff, and the company anticipates that only 5-7% of Mumbai employees will be unable to move.
To support its growth, Zepto plans to expand its workforce in the coming months significantly. The company aims to hire an additional 500 employees on the corporate side, bringing its total strength to approximately 2,200-2,300 employees by the end of the relocation process. This hiring spree reflects Zepto’s aggressive growth strategy and commitment to scaling its operations to meet increasing demand.
Zepto’s Rapid Growth Journey
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has quickly established itself as one of India’s leading quick commerce companies. In just three years, the company has raised over $1.5 billion in funding from investors such as Nexus Venture Partners and StepStone Group, achieving a valuation of $5 billion. Zepto’s success is driven by its ability to provide hyperlocal delivery services, meeting the growing demand for convenience and speed in the Indian market.
By consolidating its teams in Bengaluru, Zepto is positioning itself to continue its impressive growth trajectory. Moving to a single office space will enhance collaboration between the company’s business, tech, and product teams, enabling them to innovate and compete more effectively in the rapidly evolving quick commerce space.
As Zepto’s transition to Bengaluru takes shape, the company is poised to strengthen its market position and further disrupt the traditional retail and e-commerce sectors.
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