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Ahead Of IPO, Zepto Pushing Investors To Offload Stake Worth $250 Mn

  • Quick commerce major Zepto is urging existing investors to offload stakes worth $250 Mn to boost domestic shareholding before its upcoming IPO.
  • The private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are in talks to buy shares in a secondary share sale.
  • Zepto plans to undertake the secondary deals at a valuation of just over $5 Bn, aiming to increase Indian investors' shareholding to nearly 50% from the current 33%.
  • The move aligns with Zepto's efforts to go public, following its shift back to India, discussions with merchant bankers for a potential $800 Mn to $1 Bn IPO, and transformation to a marketplace model.

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