IPO-bound Zepto plans to raise $250 mn

Quick commerce (qcom) player Zepto, which is eyeing an initial public offering (IPO), is in the process of raising $200-250 million through a secondary transaction, according to sources.

- UDISHA SRIVASTAV

It plans to increase the shareholding of domestic investors before it goes for listing this year. The company is discussing the fundraise plans with Edelweiss Financial Services and existing investor Motilal Oswal Financial Services, among others.

Of the $250 million, around $200 million worth of shares will be allocated to domestic investors. "In order to increase domestic ownership at the company, international players are putting out a shareholding of nearly $200 million. International investors will sell equity to domestic ones," a source said.