New Delhi, April 16 -- Quick-commerce startup Zepto has officially renamed its parent company from Kiranakart Technologies to Zepto-an identity realignment aimed at boosting brand recall and simplifying its corporate structure ahead of a planned initial public offering (IPO),according to Moneycontrol.

The move comes on the heels of Zepto's high-profile "reverse flip" strategy, which saw the company shift its domicile from Singapore to India and cleared by both the National Company Law Tribunal (NCLT) in Mumbai and relevant Singaporean authorities.

In terms of financials, available data suggests that Zepto clocked in revenue of Rs.4,454 crore for FY24-more than doubling from Rs.2,025 crore the year before. While the company is still loss...