Overview

• Motilal Oswal and Raamdeo Agrawal each purchased $50 million worth of Zepto shares from foreign investors in a secondary transaction.
• The deal was executed at Zepto's August 2024 valuation of $5 billion, with no fresh capital flowing into the company.
• Indian ownership in Zepto has now increased to approximately 42%, as the company works toward a target of 50% domestic ownership before its planned IPO.
• Binding agreements for an additional $250 million secondary round have been signed, with the formal announcement expected in June.
• Zepto, established in 2021, operates in India’s competitive quick-commerce sector and recently restructured its corporate setup to align with domestic IPO requirements.