ETtech Explainer: Why Zepto founders are taking personal debt to boost Indian ownership

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Zepto cofounders Aadit Palicha and Kaivalya Vohra are in the market to raise personal structured debt as the quick commerce player prepares for a D-Street debut, ET first reported on Monday. Edelweiss Alternative Asset is likely to anchor the deal, while domestic family offices and smaller credit funds will pitch in.But why personally raise funds in the run-up to their company’s IPO? With these funds, Palicha and Vohra intend to buy stake from foreign investors of Zepto before the company goes public.

Here’s a detailed look at the Zepto promoters’…



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ETtech Explainer: Why Zepto founders are taking personal debt to boost Indian ownership


Zepto cofounders Aadit Palicha and Kaivalya Vohra are in the market to raise personal structured debt as the quick commerce player prepares for a D-Street debut, ET first reported on Monday. Edelweiss Alternative Asset is likely to anchor the deal, while domestic family offices and smaller credit funds will pitch in.But why personally raise funds in the run-up to their company’s IPO? With these funds, Palicha and Vohra intend to buy stake from foreign investors of Zepto before the company goes public.

Here’s a detailed look at the Zepto promoters’…



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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