Overview

• MapmyIndia invested ₹25 crore to acquire 75.18 lakh compulsorily convertible preference shares in Zepto, representing a 0.049% stake.
• The transaction values Zepto at $6.1 billion according to MapmyIndia’s stock exchange filing.
• Shares were sourced through a secondary sale from a foreign investor at a $5.8 billion pre-money valuation, CEO Rakesh Verma said.
• The deal does not require related-party or regulatory approvals and is set to close within three months.
• As part of the agreement, Zepto will integrate MapmyIndia’s mapping and location-based services across its quick-commerce delivery operations.