Zepto, the Indian quick-commerce startup, is set to close a $350 million secondary share sale, with founders reportedly leading the transaction. Prominent investors Motilal Oswal and Raamdeo Agrawal have each personally purchased $100 million worth of shares in Zepto. Additionally, Edelweiss and Hero Fincorp are expected to participate in the funding round. This investment round values Zepto at $5 billion ahead of its planned initial public offering (IPO).
Zepto secures $100m investment, valued at $5b ahead of IPO https://t.co/WvBfLSCV5Q
#NewsFlash | Motilal Oswal & Raamdeo Agrawal buy shares worth $50 million each in Zepto in personal capacity. Edelweiss and Hero Fincorp to also participate in the round, sources to @Shilparanipeta https://t.co/vN4ONvqASQ
Zepto Set to Close $350 Million Secondary Share Sale 🖊️@anujosh_aj https://t.co/efi6iu5lCB