Smartworks to manage Zepto's new Bengaluru headquarters
Subscribe to enjoy similar stories. Bengaluru: Quick-commerce platform Zepto's new head office in Bengaluru will be managed by Smartworks Coworking Spaces Ltd, a flexible workspace operator, said two people familiar with the matter. Also Read | Zepto to file IPO draft papers by March-April as it transitions to marketplace model The startup, which is shifting base from Mumbai, is expected to move into its new office in April.
Zepto was also in talks with operators such as WeWork India, IndiQube and Awfis, before finalizing the transaction with Smartworks, the people cited earlier said on the condition of anonymity. Last year, Zepto had signed a lease agreement for a 209,588 sq. ft commercial space in Bengaluru's Sarjapur Road.
As the operator, Smartworks will design, build, operate and manage Zepto's new workspace, which was earlier a shopping centre named ‘Total Mall’. It will also manage a dark store or warehouse of Zepto on the ground floor of the office building. Also Read | Zepto to become profitable in FY26, hopeful for IPO plans next year: CEO Aadit Palicha Mint had reported last October that Zepto is planning to appoint a managed workspace operator for its new headquarters.
“The management contract has a five-year tenure, including a two-year lock-in period," said the first person. Zepto and Smartworks didn't respond to Mint's queries. Zepto has over 2,000 employees and plans to double its workforce in the coming year, said the second person.
Its new office facility can accommodate 3,500-4,000 seats. Also Read | Zepto’s FY24 revenue doubles to ₹4,454 crore in its first year as unicorn Bengaluru dominated office space absorption in 2024, a year that witnessed a historic high of 79 million sq. ft in leasing across
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