Quick commerce major Zepto's promoters, including co-founders Aadit Palicha and Kaivalya Vohra, will not dilute any of their equity in the company's upcoming Initial Public Offering (IPO), even as early institutional and venture capital backers prepare to offload up to 11.35 crore shares.
The Bengaluru-headquartered unicorn on Monday filed its updated draft red herring prospectus (UDRHP) with markets regulator Sebi to raise Rs 8,010 crore through a fresh issue of shares alongside the offer for sale (OFS).
