Zepto is Set to Relocate Its Headquarters to Bengaluru
zeptoAccording to a media report, the rapidly expanding e-commerce firm Zepto is gearing up to relocate its headquarters from Mumbai's Powai to Bengaluru's Sarjapur, the country's technological epicentre.
Even though they have an office in Bengaluru now, the business is planning to merge all of their corporate functions into one larger location.
All 1,700-1,800 of the company's employees will be housed in Bengaluru, where the tech and product teams are located, and Mumbai is where the business verticals are located. The company has been in operation for three years.
A larger property
In India, Zepto has two significant offices. An expansive property in Mumbai spanning 80,000 to 90,000 square feet and a more compact facility in Bengaluru spanning 30,000 to 40,000 square feet. Both properties will be surrendered when it relocates to a bigger 1.5 lakh square feet location in Bengaluru. Zepto is now working on the final details of a property of that scale in the Sarjapur, HSR, or Bellandur area. Bellandur, HSR, Sarjapur, and the neighbouring tech parks are home to a number of MNCs and cutting-edge startups.
Zepto will be in close proximity to competitors like Swiggy and Flipkart if it establishes an office in one of these locations.
Strengthening of the Workforce and Recruitment Strategies
Approximately 1,000 of Zepto's 1,700-1,800 workers are based in Mumbai, 400 in Bengaluru, and 300 elsewhere, observing city operations. Since Zepto considers itself a developing company, it finds it simpler to attract talent, therefore it is ready to take that risk. With each new round of money, Zepto's case strengthens. It plans to hire primarily from and to Bengaluru in the future.
Zepto's decision was made at a time when the Tech Entrepreneurs Association of Mumbai (TEAM) is endeavouring to establish Mumbai as an appealing city for founders to establish and expand from.
Zepto is Not the First Who Made This Shift
Bhavish Aggarwal of Ola, Gaurav Munjal of Unacademy, Kunal Shah of CRED, Jitendra Gupta of Jupiter, and many more famous founders have all relocated from Mumbai to Bengaluru in the past ten years.
Not only have the founders done this, but even their investors have joined them.
Members of the India Quotient and Elevation Capital venture capital teams are among many who have relocated here from other cities.
You should be in Bengaluru if you are just starting off. There is no other place to consider. In February, Munjal of Unacademy stated on X (formerly Twitter) that the city's network effects are unbreakable.
"One can try as hard as he could but you cannot make Delhi or Mumbai a tech hub," according to him.
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