Karnataka IT minister welcomes Zepto, says Bengaluru has 'best startup ecosystem in India'

"I invite more startups to join us and flourish in the best startup ecosystem in India," Kharge wrote.

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"Our city is also the most millennial-friendly in India for education and employment, ranking 18th in the Asia Pacific. With 3,600+ funded tech startups and the highest number of employable female talent, Bengaluru is where innovation thrives," Kharge wrote.

"Bengaluru offers an unparalleled startup ecosystem, boasting $70.1 billion raised by startups since 2010, with $15.1 billion raised this year alone. Leading in B2B funding at $34.9 billion and B2C funding at $4.9 billion. Home to 45 unicorns valued at $160.8 billion," Kharge wrote.

Karnataka IT-BT secretary Ekroop Caur posted on X:, “Glad to welcome @ZeptoNow to B’luru - the innovation and startup capital.”

Quoting Moneycontrol article, Karnataka IT-BT department wrote on X: "Bengaluru pulls another unicorn! @ZeptoNow moves HQ from Mumbai to Bengaluru, saving big on rent and tapping into our tech talent. Welcome @ZeptoNow to India's Silicon Valley, where innovation meets affordability!”.

The company already has an office in Bengaluru but wants to move all corporate roles into a bigger space and consolidate operations from across cities. The three-year-old company, which has its business verticals in Mumbai and tech and product teams in Bengaluru, will bring all its 1,700-1,800 employees under one roof. Zepto has two major offices in India. A 80,000-90,000 square feet property in Mumbai and a smaller 30,000-40,000 square feet space in Bengaluru. It will give up both these buildings and move into a larger, 1.5 lakh square-feet property in Bengaluru.

Also, read: Zepto draws interest for $250 million more following $665 million raise; General Catalyst, Sovereign Funds queue up