As India's fastest-growing quick commerce company by volume prepares for its much-anticipated Rs 9,500 crore initial public offering, Zepto's founders Aadit Palicha and Kaivalya Vohra have chosen not to cash out. According to the company's updated draft red herring prospectus (DRHP), both founders will retain their stakes and will not participate in the offer-for-sale (OFS) portion of the issue.
Instead, the OFS will be led by some of Zepto's early investors. Nexus Ventures emerges as the largest selling shareholder, planning to offload up to 8.91 crore equity shares through its two investment arms. Meanwhile, ZEP Holdings LLC will sell up to 78 lakh shares, acquired at a weighted average cost of Rs 3.98 per share. Razor Ventures Zepto LLC is set to offload up to 94 lakh shares, with an average acquisition cost of Rs 11.37 per share.
