Zepto in talks to raise $100-150 mn from domestic investors ahead of IPO

Quick Summary:

In the past 14 months, Zepto has raised over $1.

Earlier this year, chairman and co-founder of Motilal Oswal Group Raamdeo Agrawal reportedly picked up a stake in Zepto in his personal capacity, and is looking to increase his stake in the new round.

This came two months after the firm raised a substantial $665 million in a Series F round, where it was valued at $3.6 billion.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Domestic ownership Funding IPO plans Zepto Family offices Zepto Dragon Fund Zomato Net-worth individuals Investors Lightspeed Ventures Nexus Venture Partners Quick commerce Motilal Oswal General Catalyst Zepto news StepStone Zepto fundraising

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 16:04:18 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23101065

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