Major Investment in Zepto by Motilal Oswal Founders

In a significant move, Motilal Oswal and Raamdeo Agrawal, the founders of Motilal Oswal Financial Services, have collectively invested $100 million in Zepto through a secondary transaction. This investment has been made in their personal capacities, marking a strong vote of confidence in the IPO-bound startup.

Transaction Details and Company Valuation

The transaction values Zepto at a flat $5 billion and increases the company's domestic shareholding to over 35%. Oswal and Agrawal invested $50 million each, purchasing shares from global investors like Nexus Venture Partners and Lachy Groom, without any complete exit by foreign investors.

Zepto's Strategic Moves

Zepto, which has recently shifted its domicile from Singapore to India, aims to boost domestic ownership above 50%. This transaction is part of a broader secondary share sale, with the company already securing $350 million in investment commitments, largely from Motilal Oswal.

Future Investment Prospects

Additional investors such as Edelweiss Financial Services and Hero Fincorp are expected to join the round, potentially exceeding initial investment estimates. Zepto's strategic shifts and growing investor interest highlight its promising trajectory in the competitive market.