Motilal Oswal Financial Services co-founders Motilal Oswal and Raamdeo Agrawal have bought Zepto shares value $50 million (about ₹424 crore) every in a secondary transaction, whereas a further $250 million round is within the pipeline, based on individuals acquainted with the matter.
The shares have been acquired from international traders, they stated.
The $100-million deal was executed from their proprietary books and marks a big step in Zepto’s ongoing push to extend Indian possession forward of its planned IPO.
Currently, Indian possession in Zepto stands at simply over 42%, with different transactions within the pipeline anticipated to additional enhance this determine. The firm has set an inside goal of crossing the 50% home shareholding threshold earlier than its IPO.
In addition to the $100-million buy, Motilal Oswal Financial Services is main a bigger $250 million secondary round by way of its purchasers, the sources instructed PTI.
Edelweiss and Hero FinCorp are additionally taking part in these transactions, bringing the whole to $350 million.
All offers are being executed at Zepto’s earlier valuation of $5 billion, set in August 2024.
The binding paperwork for the $250-million round have been signed, and a proper announcement is predicted in June after due diligence is full.
Queries despatched to Zepto didn’t elicit a response.
Published – May 13, 2025 12:13 pm IST
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