India, May 12 -- As major quick commerce players look to increase the domestic shareholding, Zepto has brought in Motilal Oswal's founders Motilal Oswal and Raamdeo Agrawal to its cap table through a $100 Mn secondary deal.

Sources told Inc42 that Oswal and Agrawal have bought shares worth $50 Mn apiece in the IPO-bound startup. The deal is part of a larger $350 Mn round, with the rest being mopped up by Motilal Oswal's clients, including domestic family offices, sources added.

"The transaction for Motilal Oswal's founders is done, but we are yet to close the rest," one of the sources said.

The secondary transaction was executed at a valuation of $5 Bn, the same price as Zepto's last fundraise of $350 Mn in November 2024.

Quick Commer...