13 May 2025
Quick-commerce unicorn Zepto has secured a major vote of confidence from two of India’s leading financiers. Motilal Oswal Financial Services founders Motilal Oswal and Raamdeo Agrawal have each bought $50 million (around ₹425 crore) worth of Zepto shares directly from early backers, according to people familiar with the deal.
This $100 million secondary share purchase comes as Zepto shifts its cap table toward Indian investors. The founders acquired their stakes from foreign early-stage backers—names such as Rocket Internet and Lachy Groom—helping overseas investors exit and making room for more domestic ownership.
But the duo’s personal investments are just the beginning. Motilal Oswal Financial Services is also gearing up to lead a larger, $250 million secondaries round. In this round, the firm will pool funds from its Indian investor base to buy even more shares from Zepto’s foreign holders. Edelweiss and Hero Fincorp are set to join Motilal Oswal in this effort, further strengthening domestic participation.
By boosting Indian ownership, Zepto aims to cement its position as a home-grown success story in the fast-growing quick-commerce space. With deep pockets and strong market experience behind it, the startup can focus on expanding its network of dark stores, speeding up deliveries, and rolling out new product lines—while keeping decision-making firmly in Indian hands.
As global investors step back, these strategic purchases ensure that more of Zepto’s future growth and profits will stay within the country, underscoring confidence in both the brand and India’s booming digital-commerce ecosystem.
Quick-commerce unicorn Zepto has secured a major vote of confidence from two of India’s leading financiers. Motilal Oswal Financial Services founders Motilal Oswal and Raamdeo Agrawal have each bought $50 million (around ₹425 crore) worth of Zepto shares directly from early backers, according to people familiar with the deal.
This $100 million secondary share purchase comes as Zepto shifts its cap table toward Indian investors. The founders acquired their stakes from foreign early-stage backers—names such as Rocket Internet and Lachy Groom—helping overseas investors exit and making room for more domestic ownership.
But the duo’s personal investments are just the beginning. Motilal Oswal Financial Services is also gearing up to lead a larger, $250 million secondaries round. In this round, the firm will pool funds from its Indian investor base to buy even more shares from Zepto’s foreign holders. Edelweiss and Hero Fincorp are set to join Motilal Oswal in this effort, further strengthening domestic participation.
By boosting Indian ownership, Zepto aims to cement its position as a home-grown success story in the fast-growing quick-commerce space. With deep pockets and strong market experience behind it, the startup can focus on expanding its network of dark stores, speeding up deliveries, and rolling out new product lines—while keeping decision-making firmly in Indian hands.
As global investors step back, these strategic purchases ensure that more of Zepto’s future growth and profits will stay within the country, underscoring confidence in both the brand and India’s booming digital-commerce ecosystem.
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