Motilal Oswal Financial Services Invests ₹400 Crore In Quick Commerce Firm Zepto

Motilal Oswal Financial Services Limited (MOFSL) has announced a significant investment in Zepto, the fast-growing quick commerce platform known for its rapid grocery delivery model. This move highlights the increasing interest of established financial institutions in India’s evolving consumer technology sector.

Motilal Oswal Financial Services Invests ₹400 Crore

MOFSL confirmed that it has acquired 7.54 crore compulsorily convertible preference shares (CCPS) of Zepto Private Limited for ₹400 crore. Zepto, previously known as Kiranakart Technologies Private Limited, is one of India’s leading quick commerce companies.

About Zepto

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto has become a household name with its 10-minute grocery delivery service. Operating in multiple Indian cities, the company offers a wide range of products, from fresh fruits and vegetables to daily essentials.

The company’s financial performance has shown remarkable growth over the past three years:

• FY22: ₹140.70 crore turnover
• FY23: ₹2,024.40 crore turnover
• FY24: ₹4,454.52 crore turnover

Transaction Details

MOFSL clarified that this acquisition is not a related party transaction and has been executed at arm’s length. However, it is notable that the promoter and promoter group of MOFSL are existing shareholders in Zepto, holding 48,720 CCPS of various series.

This investment is part of MOFSL’s treasury investment book and is aimed at generating sustainable long-term returns. The transaction is expected to be completed within 15 days.

Read More: Zepto Launches 10-Minute Medicine Delivery Service with Zepto Pharmacy! 

Conclusion

The deal underlines the growing investor confidence in India’s quick commerce sector, which has seen rapid adoption in urban markets. With strong consumer demand, platforms like Zepto are positioned to expand their market presence and operational capabilities further.

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