Zepto to Relocate Headquarters from Mumbai to Bengaluru, Expanding Office Space

Mumbai, 6th August 2024: Zepto, a rapidly expanding quick commerce startup, is set to relocate its headquarters from Powai, Mumbai, to Sarjapur, Bengaluru according to sources. The company, which operates its business in Mumbai while maintaining tech and product teams in Bengaluru, aims to consolidate its operations and enhance its corporate space.

Currently, Zepto has an office in Bengaluru, but it plans to bring all 1,700-1,800 employees under one roof by moving to a larger facility. Employees have been informed that they must relocate to Bengaluru by late November or early December. The company will cover the relocation expenses, with the move estimated to cost approximately Rs 3-4 crore. However, this cost is expected to be offset by a monthly rent savings of Rs 40-50 lakh due to the relocation.

Zepto’s current office spaces include an 80,000-90,000 square feet property in Mumbai and a smaller 30,000-40,000 square feet space in Bengaluru. The company plans to vacate both locations and move into a new, 1.5 lakh square feet property in Bengaluru.

A Zepto spokesperson confirmed the relocation plans and noted that the company is in the final stages of securing a property in or around Sarjapur, HSR, or Bellandur—areas known for housing tech parks and offices of major companies like Swiggy and Flipkart.

Out of Zepto’s 1,700-1,800 employees, about 1,000 are based in Mumbai, 400 in Bengaluru, and 300 in other locations. It is anticipated that around 90 per cent of the Mumbai-based employees are willing to relocate, with only a small percentage potentially unable to make the move.

Zepto’s CEO and co-founder Aadit Palicha has indicated that the company plans to hire 500 more employees for its corporate side, aiming to increase its total workforce to around 2,200-2,300. This move aligns with the company’s broader strategy to consolidate its operations and leverage Bengaluru’s robust tech ecosystem.

The relocation reflects a broader trend among tech entrepreneurs and investors who are increasingly favouring Bengaluru over Mumbai for its strong network effects and tech infrastructure. Notable figures who have made similar moves include Ola’s Bhavish Aggarwal, Unacademy’s Gaurav Munjal, and CRED’s Kunal Shah.