Motilal oswal Financial services founder Motilal oswal and Ramdev Agarwal have bought shares worth $100 million in quick commerce service platform Zepto. A Moneycontrol report citing sources has informed that each of them has bought shares worth $50 million each in this fast trade unicorn.
The company is busy increasing the stake of domestic investors
According to the report, this deal has happened at a time when Zepto is trying to get more stake in the company by indian investors. During this time, oswal and Agarwal have bought shares from some of the early foreign investors of Zepto like Rocket Internet, Lachi Groom. Zepto, a quick commerce company preparing for IPO, is preparing to raise funds of $200-250 million through secondary transactions. During this time, more and more indian investors can buy their stake in the company. These include many big names like Motilal oswal (firm), Edelweiss hero Fincorp. Even after this transaction, the total value of Zepto remains at $ 5 billion.
Currently there is a plan to launch IPO
The company is trying to take as many shares as possible from foreign investors and give them to indian investors so that it can be considered an indian company and it can get many facilities in business under it. The company plans to increase the share of indian investors to more than 50 percent before the launch of the IPO. According to the report, Zepto can launch its IPO in the financial year 2026 or 2027.
The company shifted the headquarters
In january this year, as per the listing rules, Zepto shifted its headquarters from singapore to India. The company's headquarters is currently in Bengaluru. Zepto has changed the name of its parent company from Kiranakart Technologies Private Limited to Zepto Private Limited. In november 2024, it raised US$350 million in a domestic funding round at a valuation of $5 billion.
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