Secondary sale: Zepto to raise $200 million
Zepto is conducting a secondary share sale of over $200 million to boost domestic ownership from 33% to at least 40% before its planned IPO, aiming for 50% eventually. Edelweiss Financial Services and Motilal Oswal Financial Services are buying shares from global investors. Zepto, recently valued at $5 billion, seeks to double its valuation to $10 billion.
Zepto is conducting a secondary share sale of over $200 million to boost domestic ownership from 33% to at least 40% before its planned IPO, aiming for 50% eventually. Edelweiss Financial Services and Motilal Oswal Financial Services are buying shares from global investors. Zepto, recently valued at $5 billion, seeks to double its valuation to $10 billion.
