India, March 25 -- With an eye on boosting domestic shareholding ahead of its initial public offering (IPO) later this year, quick commerce major Zepto is reportedly pushing existing investors to offload stakes worth $250 Mn.

Sources told Bloomberg that the private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are in talks with the startup to buy its shares in a secondary share sale. As per the report, employees and "some existing" backers will offload their shareholding as part of the transaction.

Zepto is looking to undertake the secondary deals at a valuation of just over $5 Bn. The company last raised $350 Mn in a round led by Motilal Oswal's private wealth division at the same valuation in Novembe...