Share via:
Quick commerce player Zepto has raised Rs 400 crore ($46 million) from Motilal Oswal Financial Services Limited (MOFSL) through the allotment of 7.55 crore compulsorily convertible preference shares.
The deal forms part of MOFSL’s treasury investment book, aimed at generating sustainable, long-term returns, the company said in a stock exchange filing. Motilal Oswal is already an investor in Zepto and led a $350 million round in…
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.
Quick commerce player Zepto has raised Rs 400 crore ($46 million) from Motilal Oswal Financial Services Limited (MOFSL) through the allotment of 7.55 crore compulsorily convertible preference shares.
The deal forms part of MOFSL’s treasury investment book, aimed at generating sustainable, long-term returns, the company said in a stock exchange filing. Motilal Oswal is already an investor in Zepto and led a $350 million round in…
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.
Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi
