Private Equity Liquidity Events
Motilal Oswal, Raamdeo Agrawal buy $100-M worth Zepto shares from foreign shareholders
Motilal Oswal and Raamdeo Agrawal, the founders of Motilal Oswal Financial Services Ltd have bought shares worth USD 100 million (USD 50 million each) in Bengaluru-headquartered quick commerce unicorn Zepto from the company’s early investors, primarily foreign backers.Zepto plans to have over 50% of domestic ownership ahead of its initial public offering.In addition to the recent secondary transactions, Motilal Oswal Group is leading a separate secondary round in Zepto worth over USD 250 million. The round will also witness participation from Edelweiss and Hero FinCorp.
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In Nov-24, Zepto had raised USD 350 million in a funding round led by Motilal Oswal s Private Wealth division, along with investments from Motilal Oswal AMC, Claypond Capital , Raamdeo Agarwal , and family offices of the promoters of Mankind Pharma, RP Sanjiv Goenka Group, Cello, Haldiram Snacks, Sekhsaria, Kalyan, Happy Forgings, and Mothers Recipe . The round also saw participation from actor Abhishek Bachchan and Sachin Tendulkar.