Zepto secures Rs 400 Cr investment from Motilal Oswal

Quick commerce player Zepto has raised Rs 400 crore ($46 million) from Motilal Oswal Financial Services Limited (MOFSL) through the allotment of 7.55 crore compulsorily convertible preference shares.

The deal forms part of MOFSL’s treasury investment book, aimed at generating sustainable, long-term returns, the company said in a stock exchange filing. Motilal Oswal is already an investor in Zepto and led a $350 million round in…