Borzo shifts its global HQ to Mumbai, emphasising India’s growing strategic importance.
Borzo, previously known as WeFast, has announced the relocation of its global headquarters from Amsterdam to Mumbai. The move underscores the growing importance of the Indian market in Borzo’s overall business strategy. This decision was unveiled by Borzo’s new CEO, Alina Kisina, at the Borzo Connect conference in Mumbai, which focused on the challenges faced by Micro, Small, and Medium Enterprises (MSMEs).
India is currently Borzo’s largest market, with over 200,000 active delivery partners across 22 cities. The company plans to increase this number in 2024. By shifting its headquarters to Mumbai, Borzo aims to further its expansion and operate more efficiently within emerging Asian economies.
Borzo started its operations in India in 2016 as WeFast and rebranded globally to Borzo in 2021. Since then, it has significantly grown, with India contributing about 50 percent to its global revenue. The company ventured into the enterprise hyperlocal segment in 2022, further driving its growth in the country.
Alina Kisina emphasised that the relocation is a testament to Borzo’s commitment to capturing opportunities in India. She highlighted plans to scale operations and enhance infrastructure. Eugene Panfilov, Managing Director of Borzo India, expressed gratitude to customers and delivery partners, marking this as a significant milestone in Borzo’s journey.
