Founders of Motilal Oswal Financial Services Make Major Investment in Zepto
In a significant move within the financial sector, Ramdev Agarwal and Motilal Oswal, the founders of Motilal Oswal Financial Services, have made headlines by acquiring shares worth approximately Rs 850 crore, equivalent to $100 million, in Zepto, a prominent player in the quick-commerce sector. This investment highlights their confidence in Zepto’s growth potential and marks a notable shift in ownership dynamics.
Details of the Investment
Both Agarwal and Oswal have individually invested Rs 425 crore each, signaling a strong commitment to the brand. Moreover, the duo is eyeing an additional $250 million investment, further solidifying their stake in the company.
- Current Investment: Rs 850 crore ($100 million)
- Future Investment: $250 million in the pipeline
Who Are the Sellers?
The shares purchased by Agarwal and Oswal were acquired from international investors, indicating a strategic shift in Zepto’s ownership landscape. As it stands, Indian stakeholders now hold approximately 42% of Zepto, enhancing local investor presence in the company.
Impact on Zepto’s Valuation
It’s important to note that this recent acquisition will not inject fresh capital into Zepto. The ongoing transactions, including the anticipated $250 million from Motilal Oswal Financial Services, do not alter Zepto’s valuation. All deals are being conducted based on the company’s previous valuation of $5 billion, established in August 2024.
Upcoming Developments
A recent report confirms that binding agreements for the $250 million investment have been finalized between Motilal Oswal Financial Services and Zepto. Following a thorough due diligence process, an official announcement is expected in June, which will provide further clarity on the implications of this substantial investment.
In addition to Motilal Oswal Financial Services, other notable financial institutions like Edelweiss and Hero FinCorp are also participating in these transactions, bringing the total investment to a staggering $350 million.
This investment not only underscores the growing confidence in Zepto but also reflects a broader trend of increased participation from Indian investors in the tech and e-commerce space. As the landscape evolves, stakeholders will be keenly watching how these investments influence Zepto’s trajectory in the coming months.
