Motilal Oswal Financial Services co-founders Motilal Oswal and Raamdeo Agrawal have acquired ₹850 crore ($100 million) worth of shares in Zepto, marking a significant secondary transaction in the quick commerce startup.
Key Highlights of the Investment
- Investment Breakdown: The founders purchased ₹425 crore worth of shares each in their personal capacity.
- Seller Details: The shares were acquired from foreign investors, increasing Indian ownership in Zepto to 42%.
- Future Investment Plans: Motilal Oswal Financial Services is also planning a $250 million investment, alongside Edelweiss and Hero FinCorp, bringing the total secondary transaction to $350 million.
Zepto’s Valuation and IPO Plans
Despite the transaction, Zepto’s valuation remains unchanged at $5 billion, as set in August 2024. The company is preparing for an IPO, aiming to increase domestic ownership beyond 50%.
Market Impact and Growth Strategy
Zepto’s latest funding round reinforces its position in India’s booming quick commerce sector, competing with Blinkit and Swiggy Instamart.
With strong investor backing, Zepto is poised for expansion, strengthening its market leadership in the fast-growing e-commerce space.
