Zepto Looking To Further Increase Domestic Shareholding: Report

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SUMMARY

Multiple options are on the table, including founders raising a debt of $100 Mn to $150 Mn to buy shares from existing investors

Zepto, along with its investors, is also said to be considering setting up an Indian alternative investment fund to transfer part of its overseas shareholding

This comes amid growing scrutiny of quick commerce platforms in the country and ahead of Zepto filing its IPO papers

Aadit Palicha, founder and CEO of IPO-bound Zepto, is reportedly looking to further increase domestic shareholding in…



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Zepto Looking To Further Increase Domestic Shareholding: Report


SUMMARY

Multiple options are on the table, including founders raising a debt of $100 Mn to $150 Mn to buy shares from existing investors

Zepto, along with its investors, is also said to be considering setting up an Indian alternative investment fund to transfer part of its overseas shareholding

This comes amid growing scrutiny of quick commerce platforms in the country and ahead of Zepto filing its IPO papers

Aadit Palicha, founder and CEO of IPO-bound Zepto, is reportedly looking to further increase domestic shareholding in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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