Ranjan Pai, Cipla family eye stake in Zepto; startup moves NCLT to shift domicile

Zepto’s latest fundraise from local family offices and high-net-worth individuals (HNIs) for up to $150 million – first reported by ET on October 17 – is expected to be closed by the end of this month. “We are doing this fundraise to start building Indian ownership in the company and deepen our relationships with high quality domestic investors before we kick off an IPO process,” Zepto’s funding presentation, reviewed by ET, said.
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