Monday, 28 April, 2025
Zepto Founders Secure ₹1,500 Crore Structured Debt to Boost Indian Ownership Ahead of IPO
Zepto co-founders Aadit Palicha and Kaivalya Vohra are raising ₹1,500 crore through structured debt, anchored by Edelweiss Alternative Asset, to acquire shares from foreign investors and increase domestic ownership before the company's IPO. The three-year loan, expected to close by July 2025, carries a 16% interest rate with potential returns up to 18%. This move aims to elevate Indian ownership above 30%, aligning with FDI norms for inventory-led e-commerce models.
Read full story at Economic Times