Zepto founders Aadit Palicha and Kaivalya Vohra are reportedly in advanced discussion for around INR 1,500 Cr structured debt
Edelweiss has submitted a binding bid, and the loan carries a minimum interest rate of 16%, with an equity-linked upside, enhancing the total returns to about 18%
The debt raise is being executed at a valuation of almost $5 Bn
Quick commerce giant Zepto
founders Aadit Palicha and Kaivalya Vohra are reportedly in advanced discussion for around INR 1,500 Cr (around $175.6 Mn) structured debt.
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