Zepto plans up to $250 mn secondary share sale ahead of IPO

Zepto plans to sell up to $250 million (₹2,143 crore) of its shares in a secondary sale ahead of its IPO later this year, Bloomberg reported. Private equity arms of Motilal Oswal Financial Services and Edelweiss Financial Services are in discussions to buy Zepto's shares, Bloomberg added. It added that Zepto expects completing transactions at an over ₹42,860 crore valuation.