Zepto founders Aadit Palicha and Kaivalya Vohra are raising about ₹1,500 crore (approx. $175 million) through structured debt, mainly anchored by Edelweiss, with the rest coming from domestic family offices and smaller credit funds.
The debt carries a minimum interest rate of 16%, with an equity-linked upside that could push total returns for investors to 18–20%.
The funds will be used to buy back shares from existing foreign investors, aiming to boost Indian ownership ahead of Zepto’s planned IPO.
The deal is structured for a three-year term and is expected to close by July 2025.
Zepto’s valuation for this transaction is around $5 billion, matching its last equity round.
Increasing domestic shareholding will help Zepto comply with Indian regulatory requirements for inventory-led e-commerce models and smoothen its IPO process.
