Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership

April 28, 2025

, By The Economic Times

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Zepto founders Aadit Palicha and Kaivalya Vohra are in advanced talks with Edelweiss Alternative Asset, domestic family offices and smaller credit funds for around Rs 1,500 crore (more than $175 million) structured debt, people familiar with the matter told ET.The deal is aimed at acquiring shares from existing foreign investors to help the quick commerce startup consolidate domestic ownership ahead of its planned initial public offering (IPO), they said.

Edelweiss has submitted a binding bid, they said, adding that the loan carries a minimum interest…

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Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership

April 28, 2025

, By The Economic Times

Zepto founders Aadit Palicha and Kaivalya Vohra are in advanced talks with Edelweiss Alternative Asset, domestic family offices and smaller credit funds for around Rs 1,500 crore (more than $175 million) structured debt, people familiar with the matter told ET.The deal is aimed at acquiring shares from existing foreign investors to help the quick commerce startup consolidate domestic ownership ahead of its planned initial public offering (IPO), they said.

Edelweiss has submitted a binding bid, they said, adding that the loan carries a minimum interest…

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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AirPods 4 ANC, M4 MacBook Air, Apple Watch Ultra 2, more 9to5Mac

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Early cancer detection startup Craif raises $22M

The Economic Times

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