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Zepto is undertaking a secondary share sale worth over $200 million. The move aims to boost domestic ownership ahead of its planned initial public offering (IPO).
Zepto is undertaking a secondary share sale worth over $200 million. The move aims to boost domestic ownership ahead of its planned initial public offering (IPO).
03/26/25, 1:50 AM
Location
indiaMoney raised
$200 million
Investors
Motilal Oswal Financial Services, Edelweiss Financial Services
Zepto is planning a secondary share sale of over $200 million to increase domestic ownership before its IPO. The company's valuation remains at $5 billion. Private equity arms of Edelweiss Financial Services and Motilal Oswal Financial Services will be buying a significant portion of the shares. This transaction aims to raise domestic shareholding to at least 40%.
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Company Info
Location
india
Additional Info
The startup, whose name playfully uses a mathematical term to describe the business, offers a 10-minute grocery delivery service. 19-year-old Palicha said these dark stores, which the startup has set up and owns, are designed and optimized for fast deliveries. Nexus and Y Combinator as well as angel investors Lachy Groom, Neeraj Arora, and Manik Gupta participated in the round, which according to two people familiar with the matter, values Zepto between $200 million and $300 million.
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