Motilal Oswal Financial Services Limited (MOFSL) has purchased 7.54 crore compulsorily convertible preference shares (CCPS) of Zepto Private Limited for Rs 400 crore. Zepto, previously known as Kiranakart Technologies, is a quick commerce platform that aims to revolutionize the way goods are delivered to consumers. The investment reflects Motilal Oswal’s confidence in Zepto’s growth potential and innovative business model.
Motilal Oswal Makes Big Investment in Zepto Platform, Purchases 7.54 Crore Shares Worth Rs 400 Crore
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